Calculated Risk headline: WEDNESDAY, SEPTEMBER 07, 2022
Sub-headline: Trade Deficit decreased to $70.6 Billion in July
by Calculated Risk on 9/07/2022 08:39:00 AM
Exports are up 21% year-over-year; imports are up 16% year-over-year.
Both imports and exports decreased sharply due to COVID-19 and have now bounced back.
The second graph shows the U.S. trade deficit, with and without petroleum.