Census Reports Drop in Imports & Exports, Widening of Deficit in July
Imports and exports both declined in July, but the drop in exports was steeper leading to a widening of the U.S. goods and services deficit by $100 million to $42 billion, said the Census Bureau and Bureau of Economic Analysis…
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in their U.S. International Trade in Goods and Services Report for July 2012. The report showed that, as compared to revised June 2012 levels, exports were down $1.9 billion to $183.3 billion, and imports were down $1.8 billion to $225.3 billion. As compared to July 2011 totals, exports increased by 2.8% and imports by 0.6%. The U.S. trade deficit with China increased to $29.4 billion in July, up from $27.4 billion in June. Statement by Acting Commerce Secretary Blank available here. International Trade Administration fact sheet available here.