The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised.
July exports were $194.4 billion, $0.6 billion less than June exports.
July imports were $238.1 billion, $0.4 billion less than June imports.
The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/
See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.
The July increase in the goods and services deficit reflected a decrease in the goods deficit of less than $0.1 billion to $65.3 billion and a decrease in the services surplus of $0.2 billion
to $21.6 billion.
Year-to-date, the goods and services deficit increased $27.9 billion, or 9.6 percent, from the
same period in 2016.
Exports increased $76.8 billion or 6.0 percent. Imports increased $104.8 billion
or 6.7 percent.
Just one extract:
Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19)
The July figures show surpluses, in billions of dollars, with South and Central America ($3.5),
Hong Kong ($2.8), Brazil ($0.8), Saudi Arabia ($0.8), and Singapore ($0.7). Deficits were recorded,
in billions of dollars, with China ($31.8), European Union ($12.1), Japan ($5.5), Mexico ($5.4),
Germany ($5.3), Italy ($2.4), India ($1.9), Taiwan ($1.9), South Korea ($1.8), France ($1.3), Canada
($0.9), United Kingdom ($0.2), and OPEC ($0.1).
* The surplus with South and Central America increased $0.9 billion to $3.5 billion in July.
Exports increased $1.0 billion to $12.9 billion and imports increased $0.1 billion to $9.4
billion.
* The balance with Saudi Arabia shifted from a deficit of less than $0.1 billion to a surplus
of $0.8 billion in July. Exports increased $0.4 billion to $1.9 billion and imports decreased
$0.4 billion to $1.2 billion.
Goods and Services by Selected Countries and Areas: Quarterly – Balance of Payments Basis (Exhibit
20)
The second quarter figures show surpluses, in billions of dollars, with
South and Central America
($18.4), Hong Kong ($7.5), Brazil ($6.4), Singapore ($5.1), United Kingdom ($4.3), OPEC ($3.1),
and Saudi Arabia ($1.8). Deficits were recorded, in billions of dollars, with China ($83.6), European
Union ($23.7), Mexico ($18.5), Germany ($16.9), Japan ($13.6), Italy ($8.8), India ($7.4), Taiwan
($3.9), France ($3.6), South Korea ($1.5), and Canada ($1.0).
* The balance with Saudi Arabia shifted from a deficit of $0.6 billion to a surplus of $1.8
billion in the second quarter. Exports increased $0.5 billion to $7.1 billion and imports
decreased $1.8 billion to $5.3 billion.
* The deficit with South Korea decreased $2.2 billion to $1.5 billion in the second quarter.
Exports increased $1.6 billion to $18.7 billion and imports decreased $0.6 billion to $20.2 billion.
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NOTES:
> All statistics referenced are seasonally adjusted;
> All statistics referenced are seasonally adjusted;
> statistics are on a balance of payments basis unless otherwise specified.
> Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in Exhibits 1-20b of this release.
> For information on data sources, definitions, revision procedures, and scheduled release dates through December 2017, see the information section on page A-1 of this release.
> The next release is October 5, 2017.
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