• China trade deficit the largest on record at -$30.08bn vs -$26.65bn in June
  • Exports $189.45bn vs $190.53bn. Imports $228.59bn vs $225.07bn

Imports

  • Canada -2.9%
  • Mexico +3.9%
  • EU +17.1%
  • China +8.3%
  • Japan +7.0%
  • South/Central America +15.1%
  • Brazil +18.9%
  • OPEC +3.4%

Exports by region

  • Canada -7.0%
  • Mexico +8.6%
  • EU -7.5%
  • China -4.9%
  • Japan -8.9%
  • South central America 3.8%
  • Brazil +14.2%
  • OPEC -16.9%

Wipes out the good gains in exports last month. EU exports continue to fall but imports show a big rise which will add to the good news coming out of Europe.