ECON: Trade Deficit Slightly Wider Than Expected
- Trade Deficit $39.15 bln vs $38.7 bln forecast
- Exports -0.6 vs +2.2 previously
- Imports +1.6 vs -2.2 previously
- China Trade gap $30.08 vs $26.65, largest on record
- Oil import price $97.07 vs $96.93<
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce,
announced today that total July exports of $189.4 billion and imports of $228.6 billion resulted in
a goods and services deficit of $39.1 billion, up from $34.5 billion in June, revised. July exports
were $1.1 billion less than June exports of $190.5 billion. July imports were $3.5 billion more
than June imports of $225.1 billion.
In July, the goods deficit increased $4.5 billion from June to $58.6 billion, and the services
surplus decreased $0.1 billion from June to $19.4 billion. Exports of goods decreased $1.1 billion
to $132.7 billion, and imports of goods increased $3.4 billion to $191.3 billion. Exports of
services were virtually unchanged at $56.7 billion, and imports of services increased $0.1 billion
to $37.3 billion.
The goods and services deficit decreased $4.3 billion from July 2012 to July 2013. Exports were up
$6.1 billion, or 3.3 percent, and imports were up $1.8 billion, or 0.8 percent.