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Trade deficit decreases in July; new data tool online

Posted By rosannatorres On September 9, 2010 @ 6:17 am In Foreign Trade Data | 1 Comment

By: Joe Kafchinski

The U.S. international trade deficit decreased to $42.8 billion in July 2010, as exports increased and imports decreased. Exports increased $2.8 billion to $153.3 billion and imports decreased $4.2 billion to $196.1 billion. The $7.0 billion drop in the deficit is the largest since a $9.7 billion drop from January to February 2009.  Chart on the July 2010 Trade Balance

For the second straight month, there was a large change in the trade balance despite comparatively stable petroleum imports. Last month (June 2010) [1] saw a $7.9 billion increase in the deficit despite a 3.3% drop in petroleum imports. This month, the trade deficit improved despite petroleum imports holding steady at $26.8 billion. A drop of $0.7 billion in crude oil was offset by increases in fuel oil and other petroleum products.

After reaching a record high $43.1 billion in June, imports of Consumer Goods dropped $1.9 billion to $41.2 billion in July.

The increase in exports was driven by civilian aircraft, up $1.4 billion to $3.6 billion in July.

If you haven’t seen it yet, check out the new searchable database of economic indicator data produced by the U.S. Census Bureau [2]. It currently contains data on international trade; manufacturer’s shipments, inventories and orders; and quarterly services, with plans to expand to include all Census Bureau economic indicators.

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1 Comment To "Trade deficit decreases in July; new data tool online"

#1 Comment By 20MilesNorth On September 25, 2010 @ 2:24 am

What is the correlation to the US Dollar with the import/export numbers, are they simply a function of the currency conversion or is there really more to that?

Article printed from Global Reach Blog: http://globalreach.blogs.census.gov

URL to article: http://globalreach.blogs.census.gov/2010/09/09/trade-deficit-decreases-in-july-new-data-tool-online/

URLs in this post:

[1] Last month (June 2010): http://http://blogs.census.gov/globalreach/2010/08/trade-deficit-increases-in-june.html

[2] new searchable database of economic indicator data produced by the U.S. Census Bureau: http://blogs.census.gov/globalreach/2010/10/search-key-economic-indicator-database-.html