Highlights of the July US trade balance report:

  • Prior was a deficit of $43.84 billion (revised to $45.21B)

The revisions offset the better July number.

  • Exports +0.4%
  • Imports -1.1%

Given the strong dollar, you wouldn't expect to see falling imports but that's the story in July. In year-over-year terms, exports were $188.50B compared to $196.91B a year ago.