The U.S. trade deficit widened to $88.6 billion in July from a revised $71.2 billion in June, as imports increased while exports fell, according to a joint release from the Census Bureau and Bureau of Economic Analysis.
Exports fell $6.6 billion to $310.7 billion, while imports rose $10.8 billion to $399.3 billion. The goods deficit increased $17.6 billion to $119.6 billion, while the services surplus edged up $0.2 billion to $31.0 billion.
U.S. Trade Deficit Reflects Capital-Goods Import Jump
Goods imports rose $11.4 billion to $320.6 billion, led by a $14.4 billion increase in capital goods. Imports of computers increased $6.9 billion and computer accessories rose $6.6 billion. Goods exports declined $6.2 billion to $201.0 billion, with industrial supplies and materials down $8.7 billion, including a $4.5 billion drop in crude-oil exports.
Services exports fell $0.4 billion to $109.7 billion, while services imports declined $0.6 billion to $78.7 billion. The three-month average goods and services deficit increased $11.9 billion to $78.5 billion for the period ending in July.
Year to date, the U.S. trade deficit was down $188.4 billion, or 29.6%, from the same period in 2025. Exports rose $237.2 billion, or 12.0%, while imports increased $48.8 billion, or 1.9%. The agencies revised trade data for January through June to incorporate more comprehensive and updated information.
