USA in JULY: Exports Increase, Imports Decrease

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.