Advance goods trade deficit narrows 6.2% to $86.4B

Advance International Trade in Goods 

The international trade deficit was $86.4 billion in July, down $5.7 billion from $92.1 billion in June. Exports of goods for July were $147.6 billion, $2.2 billion more than June exports. Imports of goods for July were $233.9 billion, $3.4 billion less than June imports. 

Advance Wholesale Inventories 

Wholesale inventories for July, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $722.5 billion, up 0.6 percent (±0.4 percent) from June 2021, and were up 11.5 percent (±1.4 percent) from July 2020. The May 2021 to June 2021 percentage change was revised from up 1.1 percent (±0.2 percent) to up 1.2 percent (±0.2 percent). 

Advance Retail Inventories 

Retail inventories for July, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $603.2 billion, up 0.4 percent (±0.2 percent) from June 2021, and were up 3.3 percent (±0.7 percent) from July 2020. The May 2021 to June 2021 percentage change was revised from up 0.3 percent (±0.2 percent) to up 0.5 percent (±0.2 percent).