US Department of Commerce Releases July Foreign Trade Data
The United States foreign trade deficit reached its highest level since March 2025 in July, although it remained below expectations.
The US foreign trade deficit increased by 24.4 percent on a monthly basis in July, rising to $88.6 billion, and reached the highest level recorded since March 2025 with this development.
July Foreign Trade Deficit Data
Foreign trade data for July was announced to the public by the United States Department of Commerce. According to the statement, the country's foreign trade deficit recorded an increase of 24.4 percent in July.
With these announced figures, the total deficit reached $88.6 billion and was recorded as the highest level seen since the March 2025 period. Market expectations were for the deficit to be $89.4 billion.
Changes in Export and Import Figures
The foreign trade deficit data for June was revised to $71.2 billion following market developments.
While the country's exports decreased by 2.1 percent in July compared to the previous month, dropping to $310.7 billion, imports increased by 2.8 percent to $399.3 billion.
Deficits with Trade Partners
The US trade deficit with Mexico increased by $7.2 billion in July to $27.5 billion, while the deficit with Canada decreased by $3.7 billion to $3.2 billion.
Other major partners with which the country ran the highest deficits included Vietnam, Taiwan, China, South Korea, the European Union, Germany, India, and Malaysia.
Countries with Foreign Trade Surplus
Major trade partners with which the United States reported a foreign trade surplus during the period were also announced.
In this context, a commercial surplus was achieved with the Netherlands, South and Central America, Hong Kong, the United Kingdom, Brazil, Singapore, Saudi Arabia, Australia, and Belgium.