Market Updates
Elevated U.S. Trade Deficit Eases In July
Brian Turner
07 Sep, 2022
New York City
U.S. trade deficit declined $10.2 billion or 12.6% to $70.6 billion in July, the Bureau of Economic Analysis reported Wednesday.
Total exports rose 0.2% to record $259.3 billion driven by higher service exports offsetting a decline in merchandise shipments.
Total imports fell 2.9% to $329.9 billion after a decline in imports of industrial supplies and consumer goods offset an increase in shipments of automotive vehicles and parts.
The deficit with China fell to $33 billion, a decline of $3.9 billion after exports rose to $12.8 billion and imports eased to $45.8 billion.
In the second quarter 2022, the United States recorded trade surplus and deficits in goods and services with the following countries and regions.
Trade Surplus - Second Quarter 2022
South and Central America - $31.4 billion
The Netherlands - $11.5 billion
Singapore - $9.6 billion
Brazil - $9.4 billion
Australia - $6.8 billion
Hong Kong - $6.5 billion
U.K. - $4.3 billion
Belgium - $2.5 billion
Switzerland - $1.8 billion
Trade Deficit - Second Quarter 2022
China - $100.8 billion
European Union - $37.4 billion
Mexico - $33.3 billion
Vietnam - $32.7 billion
Canada - $20.9 billion
Germany - $18.2 billion
Japan - $15.2 billion
India - $14.8 billion
Taiwan - $11.8 billion
Italy - $11.0 billion
South Korea - $9.9 billion
Malaysia - $8.8 billion
Ireland - $4.6 billion
France - $3.9 billion
Israel - $2.5 billion
Saudi Arabia - $2.2 billion
Annual Returns
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Earnings
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