July Trade Report

Exports

Exports of goods increased $3.2 billion to $168.4 billion in July. 

•  Automotive vehicles, parts, and engines increased $1.7 billion.
• Industrial supplies and materials increased $1.4 billion.
• Nonmonetary gold increased $0.7 billion.
• Crude oil increased$0.5billion.

Consumer goods increased less than $0.1 billion

•  Pharmaceutical preparations increased $1.2 billion

• Gem diamonds decreased $0.9 billion.

Exports of services increased $0.7 billion to $83.3 billion in July.

• Travel increased $0.5 billion.

• Transport increased $0.2 billion.

By Country:

The July figures show surpluses, in billions of dollars, with Netherlands ($4.5), South and Central America ($4.1), Hong Kong ($1.5), Belgium ($1.5), Australia ($1.5), United Kingdom ($0.5), Brazil ($0.3), and Singapore ($0.2).

Deficits were recorded, in billions of dollars, with China ($24.0), European Union ($17.3),Mexico ($12.8), Vietnam ($9.3), Germany ($7.2), Ireland ($6.5), Japan ($5.9), South Korea ($5.3), Italy ($4.1), Canada ($4.0), Taiwan ($3.9), India ($3.0), Malaysia ($2.4), Switzerland ($1.9), Israel ($0.8), France ($0.4), and Saudi Arabia ($0.2).

• The deficit with China increased $1.2 billion to $24.0 billion in July. Exports increased $0.4 billion to $11.1 billion and imports increased $1.6 billion to $35.1 billion.

• The surplus with Hong Kong decreased $1.0 billion to $1.5 billion in July. Exports decreased $0.9 billion to $1.9 billion and imports increased $0.1 billion to $0.4 billion.

• The balance with the United Kingdom shifted from a deficit of $0.8 billion in June to a surplus of $0.5 billion in July. Exports increased $1.0 billion to $5.8 billion and imports decreased $0.2 billion to $5.4 billion.