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U.S. International Trade Deficit Decreases in July 2011

Posted By rosannatorres On September 8, 2011 @ 5:45 am In Foreign Trade Data | No Comments

Ustrade [1]

By: Joe Kafchinski

Bolstered by record exports of $178.0 billion, the U.S. international trade deficit in goods and services decreased to $44.8 billion in July from $51.6 billion [2] (revised) in June. The $6.8 billion reduction in the deficit was the largest since a $10.2 billion reduction from January to February 2009.

The overall record in exports was led by record exports of capital goods ($42.1 billion) and automotive vehicles, parts and engines ($12.1 billion) and a $1.2 billion increase in exports of fuel oil.

Imports of goods and services were down $0.5 billion in July. A $2.9 billion increase in imports of automotive vehicles, parts and engines was offset by a $2.5 billion reduction in imports of industrial supplies and materials and $1.0 billion reduction in imports of other goods.

JapanAutos [3] This month’s Foreign Trade Graph of the Month [4] follows up on Rebecca’s blog last month [5] about trade with Japan following the earthquake and tsunami. The graph shows the drop, and subsequent rebound, of U.S. automotive imports from Japan. July 2011 imports ($3.8 billion) were just below July 2010 ($3.9 billion).

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URL to article: http://globalreach.blogs.census.gov/2011/09/08/us-international-trade-deficit-decreases-in-july-2011/

URLs in this post:

[1] Image: http://globalreach.blogs.census.gov/files/2012/04/6a0120a61b56ed970c014e8b6124c8970d-pi1.jpg

[2] decreased to $44.8 billion in July from $51.6 billion: http://www.census.gov/foreign-trade/data/

[3] Image: http://globalreach.blogs.census.gov/files/2012/04/6a0120a61b56ed970c014e8b612610970d-320wi.jpg

[4] Foreign Trade Graph of the Month: http://www.census.gov/foreign-trade/data/index.html#gotm

[5] Rebecca’s blog last month: http://blogs.census.gov/globalreach/2011/08/trade-deficit-grows-to-531-billion-in-june.html