U.S. Trade Deficit Shrinks


WASHINGTON, Sept. 8 (UPI) — U.S. international trade shifted from a revised $51.6 billion deficit in June, to $44.8 billion in July, the U.S. Census Bureau said Thursday.

For July, exports rose $6.2 billion to $178 billion, while imports fell $.5 billion to $222.8 billion.

Exports of goods rose $5.7 billion to $126.9 billion in July. Exports of service rose by $500 million to $51.1 billion.

Imported goods fell by $700 million to $187.5 billion. Imports of services rose by $100 million to $35.3 billion.

The trade gap widened with China, climbing from $26.7 billion in June to $27 billion in July, but shrank with the Organization of Petroleum Exporting Countries, dropping from $13.8 billion to $11.9 billion.

In trades with Japan, the gap climbed sharply for the second consecutive month, rising from $4 billion in June to $5.3 billion.

Contracting trade deficits were posted with Hong Kong, the European Union, Mexico, Nigeria, Venezuela, Taiwan and Korea.


UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.