The USA trade deficit narrowed by 4.3 percent in July

The foreign trade deficit in the USA decreased by 4.3 percent to $ 70.1 billion monthly with the decrease in imports in July and contracted more than expected. The US Department of Commerce announced the foreign trade data for July. Compared to the previous month, it decreased by 4.3 percent to $ 70.1 billion.
The foreign trade deficit, which shrank in this period, was expected to be 71 billion dollars. The foreign trade deficit was 73.2 billion dollars in June.

The country's exports increased by 1.3 percent compared to the previous month and became 212.8 billion dollars in July, while its imports decreased by 0.2 percent to 282.9 billion dollars. The imports of the USA reached an all-time high with $ 283.3 billion in June. The trade deficit decreased with China and Canada, increased with Mexico. the deficit increased.

The country's trade deficit with China fell by about 7 percent from the previous month in question to $25 billion. While the USA's exports to China were 13 billion dollars in this period, the imports from the country were recorded as 38 billion dollars. The country's foreign trade deficit with Mexico, on the other hand, increased by 18 percent to $8.5 billion. In this period, the other trade partners with which the USA had a deficit include the European Union (18.1 billion dollars), Japan (6 billion dollars), Germany (5. $0.6 billion), Italy ($3.5 billion), Taiwan ($3.4 billion), India ($2.8 billion), South Korea ($2.1 billion), and France ($2.1 billion) ) took place.