For the July 2018 year, values are actual and compared with the July 2017 year:

• Annual goods exports rose $5.7 billion (11 percent) to $56.2 billion.

• Annual goods imports rose $6.9 billion (13 percent) to $60.7 billion.

• The annual trade balance for the year ended July 2018 was a $4.4 billion deficit (7.9 percent of exports), the widest annual deficit since March 2009.

For the month of July 2018 values are actual and compared with July 2017:

• Goods exports rose $729 million (16 percent) to $5.3 billion, a new total export high for a July month.

• Goods imports rose $964 million (21 percent) to $5.5 billion. This is the second highest imports value of any month; the highest was in November 2017.

• The monthly trade balance was a deficit of $143 million (2.7 percent of exports). In the last five July months there has been one surplus (2017) and four deficits.