The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $88.6 billion in July, up $17.4 billion from $71.2 billion in June, revised.

July exports were $310.7 billion, $6.6 billion less than June exports. July imports were $399.3 billion, $10.8 billion more than June imports.

The July increase in the goods and services deficit reflected an increase in the goods deficit of $17.6 billion to $119.6 billion and an increase in the services surplus of $0.2 billion to $31.0 billion.

Year-to-date, the goods and services deficit decreased $188.4 billion, or 29.6 percent, from the same period in 2025. Exports increased $237.2 billion or 12.0 percent. Imports increased $48.8 billion or 1.9 percent.