That is from S51.6 billion trade deficit in June. Exports increased by $6.2 billion to a total of $178 billion. That is a 3.6% increase from June. During the same time, imports decreased $0.5 billion to a total of $222.8 billion.
The jump in exports reflected an increase in industrial supplies and materials, capital goods, and automotive vehicles, parts and engines, the government said.
Capital goods are defined as: Aerospace, defense, construction machinery, and production equipment.
The new unemployment claims for the week rose to 414,000.