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Imports of automotive vehicles, parts, and engines ($25.4 billion) were a record for the second month in a row and partially offset the May to June decrease in imports. The decrease in petroleum imports, $2.3 billion, to $32.9 billion more than accounts for the decrease in imports. A large portion of this decrease can be accounted for in the May to June drop in average price per barrel of crude oil ($7.78), which was the largest since December 2008 to January 2009 ($10.01).
For more highlights and to the view the release check out the data page //www.census.gov/foreign-trade/data/index.html on the Foreign Trade Division’s website.
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