The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $88.6 billion in July, up $17.4 billion from $71.2 billion in June, revised.

July exports were $310.7 billion, $6.6 billion less than June exports. July imports were $399.3 billion, $10.8 billion more than June imports.

The July increase in the goods and services deficit reflected an increase in the goods deficit of $17.6 billion to $119.6 billion and an increase in the services surplus of $0.2 billion to $31.0 billion.

Year-to-date, the goods and services deficit decreased $188.4 billion, or 29.6 percent, from the same period in 2025. Exports increased $237.2 billion or 12.0 percent. Imports increased $48.8 billion or 1.9 percent.

The July figures show surpluses, in billions of dollars, with Netherlands ($7.8), South and Central America ($6.6), Hong Kong ($3.1), United Kingdom ($2.5), Brazil ($2.4), Singapore ($1.9), Saudi Arabia ($1.3), Australia ($1.2), and Belgium ($0.9).

Deficits were recorded, in billions of dollars, with Mexico ($27.5), Vietnam ($23.3), Taiwan ($18.1), China ($15.2), South Korea ($10.4), European Union ($8.9), Germany ($5.6), India ($5.0), Malaysia ($4.8), Japan ($4.2), Ireland ($3.9), Canada ($3.2), Italy ($2.5), France ($1.3), Switzerland ($0.6), and Israel ($0.5).

 

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