Year-to-date, the goods and services deficit increased $154.3 billion, or 30.9 percent, from the same period in 2024.

Key evidence

The source directly compares reported values for the stated scope: The average goods and services deficit increased $6.0 billion to $69.5 billion for the three months ending in July. The source reports an amount on a billion scale for the stated scope: Year-over-year, the average goods and services deficit decreased $6.2 billion from the three months ending in July 2024. The source reports an amount on a billion scale for the stated scope: Imports increased $257.5 billion or 10.9 percent.

The source directly compares reported values for the stated scope: The real goods deficit increased $15.5 billion, or 18.3 percent, to $100.1 billion in July, compared to a 21.6 percent increase in the nominal deficit. The source reports an amount on a billion scale for the stated scope: Exports increased $103.1 billion or 5.5 percent. The source reports an amount on a billion scale for the stated scope: Net balance of payments adjustments increased $0.2 billion.

The source directly compares reported values for the stated scope: Imports of goods increased $18.4 billion to $283.3 billion in July. The source directly compares reported values for the stated scope: July imports were $358.8 billion, $20.0 billion more than June imports. The source directly compares reported values for the stated scope: Imports of services increased $1.7 billion to $75.5 billion in July.

The source reports an amount on a billion scale for the stated scope: Exports of goods on a Census basis increased less than $0.1 billion. The source directly compares reported values for the stated scope: Exports of goods increased $0.2 billion to $179.4 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 $78.3 billion in July, up $19.2 billion from $59.1 billion in June, revised.

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 $18.2 billion to $103.9 billion and a decrease in the services surplus of $1.1 billion to $25.6 billion.