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September 04, 2024US TRADE BALANCE, JULY 2024 Month over month (July 2024 vs June 2024)
The United States goods and services deficit expanded by $5.8 billion to $78.8 billion. The goods deficit widened by $5.6 billion to $103.1 billion, and the services surplus narrowed by $153 million to $24.3 billion.
Total exports increased $1.3 billion to $266.6 billion. Goods exports increased $735 million to $175.1 billion, and services exports increased $602 million to $91.5 billion.
Total imports increased $7.1 billion to $345.4 billion. Goods imports increased $6.4 billion to $278.2 billion, and services imports increased $753 million to $67.2 billion.
Year over year (July 2024 vs July 2023)
The US trade deficit widened by $14.2 billion. The goods deficit widened by $14.7 billion, and the services surplus widened by $532 million.
Total exports increased by $12.7 billion. Goods exports increased $6.7 billion, and services exports increased $6.0 billion.
Total imports increased $26.9 billion. Goods imports increased $21.4 billion, and services imports increased $5.5 billion.
Sources: U.S. Census Bureau and U.S. Bureau of Economic Analysis, retrieved from the Federal Reserve Bank of St. Louis.
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