According to the US Department of Commerce data, the foreign trade deficit increased by 2 percent to 65 billion dollars with an increase in exports and imports.
According to the median forecast of economists surveyed by Bloomberg, the deficit was expected to be 68 billion dollars.
June's foreign trade deficit figure was revised to $ 63.7 billion from $ 65.5 billion.
In July, exports increased by 1.6 percent to 251.7 billion dollars. Thus, exports increased for the first time after 3 months of decline. Imports also increased by 1.7 percent to 316.7 billion dollars.