From the Department of Commerce reported:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised.
July exports were $168.1 billion, $12.6 billion more than June exports. July imports were $231.7 billion, $22.7 billion more than June imports
Both exports and imports increased in June.
Exports are down 20% compared to July 2019; imports are down 11% compared to July 2019.
Both imports and exports decreased sharply due to COVID-19, and have now bounced back (imports more than exports),
The second graph shows the U.S. trade deficit, with and without petroleum.
Note that the U.S. exported a slight net positive petroleum products in recent months.
Oil imports averaged $40.60 per barrel in July, up from $35.34 per barrel in June, and down from $60.11 in July 2019.
The trade deficit with China decreased to $31.6 billion in July, from $32.7 billion in July 2019.