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Wednesday, September 6, 2017 Services: Jeannine Aversa, (301) 278-9003 Goods: Mala Kline, (301) 763-2311 July 2017 Trade Gap is $43.7 Billion U.S. international trade in goods and services The U.S. monthly international trade deficit increased in July 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.5 billion in June (revised) to $43.7 billion in July, as exports decreased more than imports. The previously published June deficit was $43.6 billion. The goods deficit decreased less than $0.1 billion in July to $65.3 billion. The services surplus decreased $0.2 billion in July to $21.6 billion. Balance on Goods and Services Trade January 2008–July 2017 Billion $ -20 -30 -40 -50 -60 -70 -80 2008 2009 2010 U.S. Bureau of Economic Analysis U.S. Census Bureau 2011 2012 2013 2014 2015 2016 2017 Seasonally adjusted Exports Exports of goods and services decreased $0.6 billion, or 0.3 percent, in July to $194.4 billion. Exports of goods decreased $0.4 billion and exports of services decreased $0.1 billion. The decrease in exports of goods mostly reflected decreases in consumer goods ($0.7 billion) and in automotive vehicles, parts, and engines ($0.6 billion). An increase in capital goods ($0.9 billion) partly offset the decreases. The decrease in exports of services mostly reflected a decrease in travel (for all purposes including education) ($0.3 billion). Imports Imports of goods and services decreased $0.4 billion, or 0.2 percent, in July to $238.1 billion. Imports of goods decreased $0.5 billion and imports of services increased less than $0.1 billion. The decrease in imports of goods mostly reflected decreases in automotive vehicles, parts, and engines ($0.8 billion) and in industrial supplies and materials ($0.7 billion). An increase in capital goods ($1.3 billion) partly offset the decreases. Imports of services were nearly unchanged, reflecting small and offsetting changes across all categories. 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 2017. 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 6 news release, U.S. International Trade in Goods and Services: July 2017, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is October 5, 2017.