Exports increased $27.3 billion or 1.6 percent.

Key evidence

The source directly compares reported values for the stated scope in the generic-text section: The average goods and services deficit decreased $2.7 billion to $65.2 billion for the three months ending in July. The source directly compares reported values for the stated scope in the generic-text section: Imports of goods increased $5.2 billion to $258.3 billion in July. The source directly compares reported values for the stated scope in the generic-text section: July imports were $316.7 billion, $5.2 billion more than June imports.

The source reports an amount on a billion scale for the stated scope in the generic-text section: Year-to-date, the goods and services deficit decreased $128.3 billion, or 21.4 percent, from the same period in 2022. The source reports an amount on a billion scale for the stated scope in the generic-text section: Year-over-year, the average goods and services deficit decreased $13.7 billion from the three months ending in July 2022.

The source directly compares reported values for the stated scope in the generic-text section: Exports of services increased $0.7 billion to $83.3 billion in July. The source directly compares reported values for the stated scope in the generic-text section: The July increase in the goods and services deficit reflected an increase in the goods deficit of $2.0 billion to $90.0 billion and an increase in the services surplus of $0.7 billion to $25.0 billion.

The source reports an amount on a billion scale for the stated scope in the generic-text section: $316.7 Billion The source reports an amount on a billion scale for the stated scope in the generic-text section: $65.0 Billion The source reports an amount on a billion scale for the stated scope in the generic-text section: Imports of goods on a Census basis increased $5.2 billion.

The source directly compares reported values for the stated scope in the generic-text section: Exports of goods increased $3.2 billion to $168.4 billion in July. The source reports an amount on a billion scale for the stated scope in the generic-text section: Net balance of payments adjustments increased $0.4 billion. The source directly compares reported values for the stated scope in the generic-text section: Bureau of Economic Analysis announced today that the goods and services deficit was $65.0 billion in July, up $1.3 billion from $63.7 billion in June, revised.