2025.09.0412:46:24UTC+00US Imports Climb to Four-Month High in July

In July 2025, there was a notable increase in U.S. imports of goods and services, which climbed by $20.0 billion to reach a total of $358.8 billion. This marked the highest level in four months, amidst ongoing uncertainty surrounding trade tariffs. The importation of goods saw a significant jump of $18.4 billion, largely due to increased acquisitions of industrial supplies and materials, with nonmonetary gold being a major contributor. Additionally, there was a rise in capital goods imports, spurred by higher demand for computers, telecommunications equipment, and other forms of industrial machinery. Consumer goods also saw an upswing, largely driven by robust jewelry demand. Conversely, imports of automotive vehicles, parts, and engines experienced a decline. On the services front, imports increased by $1.7 billion, driven by growth in transport, travel, and various other business services.