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Friday, September 2, 2016 Services: Thomas Dail, (301) 278-9003 Goods: Mala Kline, (301) 763-2311 July 2016 Trade Gap is $39.5 Billion U.S. international trade in goods and services The U.S. monthly international trade deficit decreased in July 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.7 billion in June (revised) to $39.5 billion in July, as exports increased and imports decreased. The previously published June deficit was $44.5 billion. The goods deficit decreased $5.3 billion in July to $60.3 billion. The services surplus decreased $0.1 billion in July to $20.9 billion. Balance on Goods and Services Trade January 2007–July 2016 Billion $ -$20 -$30 -$40 -$50 -$60 -$70 -$80 2007 2008 2009 U.S. Bureau of Economic Analysis U.S. Census Bureau 2010 2011 2012 2013 2014 2015 2016 Seasonally adjusted Exports Exports of goods and services increased $3.4 billion, or 1.9 percent, in July to $186.3 billion. Exports of goods increased $3.4 billion and exports of services decreased less than $0.1 billion. • The increase in exports of goods reflected an increase in foods, feeds, and beverages ($3.7 billion). A decrease in other goods ($0.7 billion) was partly offsetting. • The decrease in exports of services reflected decreases in transport ($0.1 billion), which includes freight and port services and passenger fares, and in financial services ($0.1 billion). An increase in travel (for all purposes including education) ($0.2 billion) was partly offsetting. Imports Imports of goods and services decreased $1.8 billion, or 0.8 percent, in July to $225.8 billion. Imports of goods decreased $1.9 billion and imports of services increased $0.1 billion. • The decrease in imports of goods reflected decreases in consumer goods ($1.5 billion) and in capital goods ($0.7 billion). An increase in industrial supplies and materials ($0.4 billion) was partly offsetting. • The increase in imports of services reflected an increase in travel (for all purposes including education) ($0.1 billion). For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services: July 2016. BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic statistics for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the September 2 news release, U.S. International Trade in Goods and Services: July 2016, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is October 5, 2016.