Monday, December 4, 2023

The United States trade deficit grew 2.6% in July, to US$91.175 million

The trade balance deficit of USA it reached US$91.175 million in July, a figure that represents an increase of 2.6% compared to the previous month, according to data from the Department of Commerce.

In the seventh month of the year, US exports advanced 1.5% compared to the month of June, but they were 8.8% lower than those of July 2022, for which they stood at US$164.789 million.

The exports they were boosted by the improvement in the sales of automobiles and industrial supplies, while the export of food, beverages and capital goods fell.

on your side, imports grew 1.9% monthly, reaching a total of US$255,964 million. In year-on-year terms, purchases abroad in July were 5.3% below the figure for the same month of the previous year.

US imports were conditioned by higher purchases of food and beverages; consumer goods; capital goods and automobiles. However, the acquisitions of industrial supplies yielded. Thus, the US trade deficit was 1.7% higher year on year.


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