The U.S. Census Bureau and the U.S. Bureau of Economic Analysis on Thursday announced that the goods and services deficit was $70.1 billion in June, down $3.2 billion, or 4.3%, from $73.2 billion in June, revised.
July exports were $212.8 billion, $2.8 billion more than June exports. July imports were $282.9 billion, $0.4 billion less than June imports.
The July decrease in the goods and services deficit reflected a decrease in the goods deficit of $5.5 billion to $87.7 billion and a decrease in the services surplus of $2.4 billion to $17.7 billion.
Year-to-date, the goods and services deficit increased $131 billion, or 37.1%, from the same period in 2020. Exports increased $205.0 billion or 16.8%. Imports increased $336 billion or 21.3%.