U.S. International Trade in Goods and Services, July 2026
The U.S. goods and services trade deficit increased in July 2026 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $71.2 billion in June (revised) to $88.6 billion in July, as imports increased and exports decreased. The goods deficit increased $17.6 billion in July to $119.6 billion. The services surplus increased $0.2 billion in July to…
In July 2026, the U.S. experienced a $88.6 billion goods and services deficit, an increase of $17.4 billion from June's $71.2 billion deficit. Exports were $310.7 billion, a $6.6 billion decrease from June, while imports rose to $399.3 billion, a $10.8 billion increase from the previous month. The goods deficit expanded from $119.6 billion to $119.6 billion, whereas the services surplus rose slightly to $31.0 billion.
Year-to-date, the goods and services deficit decreased by $188.4 billion, or 29.6%, compared to the same period in 2025. Exports surged $237.2 billion, or 12.0%, while imports climbed $48.8 billion, or 1.9%. The average goods and services deficit increased by $11.9 billion to $78.5 billion for the three months ending in July. Year-over-year, this average deficit increased by $11.7 billion from the same period in 2025.
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