Official Publication Edition · GDP
Source-grounded publication
Year-to-date, the goods and services deficit increased $36.2 billion, or 7.7 percent, from the same period in 2023.
Exports of goods on a Census basis decreased $0.1 billion.
Source
U.S. International Trade in Goods and Services, July 2024
Sections
Publication sections
Key evidence
The source directly compares reported values for the stated scope: Imports of services increased $0.8 billion to $67.2 billion in July. The source reports an amount on a billion scale for the stated scope: Exports increased $65.9 billion or 3.7 percent. The source directly compares reported values for the stated scope: Exports of services increased $0.6 billion to $91.5 billion in July.
The source directly compares reported values for the stated scope: The real goods deficit increased $6.3 billion, or 6.9 percent, to $97.6 billion in July, compared to a 6.6 percent increase in the nominal deficit. The source directly compares reported values for the stated scope: July exports were $266.6 billion, $1.3 billion more than June exports. The source directly compares reported values for the stated scope: July imports were $345.4 billion, $7.1 billion more than June imports.
The source reports an amount on a billion scale for the stated scope: Net balance of payments adjustments increased $0.8 billion. The source reports an amount on a billion scale for the stated scope: Imports increased $102.1 billion or 4.5 percent. The source directly compares reported values for the stated scope: Imports of goods increased $6.4 billion to $278.2 billion in July.
The source directly compares reported values for the stated scope: Exports of goods increased $0.7 billion to $175.1 billion in July. The source directly compares reported values for the stated scope: Bureau of Economic Analysis announced today that the goods and services deficit was $78.8 billion in July, up $5.8 billion from $73.0 billion in June, revised. The source reports an amount on a billion scale for the stated scope: Year-over-year, the average goods and services deficit increased $10.5 billion from the three months ending in July 2023.
The source directly compares reported values for the stated scope: The July increase in the goods and services deficit reflected an increase in the goods deficit of $5.6 billion to $103.1 billion and a decrease in the services surplus of $0.2 billion to $24.3 billion.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| Year-to-date, the goods and services deficit increased $36.2 billion, or 7.7 percent, from the same period in 2023. | 36.2 | billion | — |
| Exports of goods on a Census basis decreased $0.1 billion. | 0.1 | billion | — |
| Exports increased $65.9 billion or 3.7 percent. | 65.9 | billion | — |
| Net balance of payments adjustments increased $0.8 billion. | 0.8 | billion | — |
| Imports increased $102.1 billion or 4.5 percent. | 102.1 | billion | — |
| Year-over-year, the average goods and services deficit increased $10.5 billion from the three months ending in July 2023. | 10.5 | billion | — |
| Imports of goods on a Census basis increased $6.3 billion. | 6.3 | billion | — |
| Net balance of payments adjustments increased $0.1 billion. | 0.1 | billion | — |
Source and methodology
Source: the retained official publication. Method: normalized statements from section generic-text presented as reported, without recomputation.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none