The monthly U.S. trade deficit in goods and services fell 2.5 percent in June as imports and exports both increased after falling in May.
According to the Census Bureau, imports and exports of capital goods were the highest on record in June. Other all-time highs that month included the deficit with Taiwan, imports from Taiwan, and exports to Japan, Australia, and Malaysia.
Imports were up 0.6 percent, to $339.0 billion, from May to June. Imports of goods rose 0.7 percent to $271.67 billion, with increases of $3.2 billion for pharmaceutical preparations, $600 million for semiconductors, and $500 million for electric apparatus along with a decline of $1.9 billion for industrial supplies and materials. Services imports edged up 0.3 to $67.5 billion.
Exports grew 1.5 percent in May to $265.9 billion. Exports of goods jumped 2.6 percent to $174.2 billion, with increases of $1.3 billion for civilian aircraft, $600 million for natural gas, and $500 million for fuel oil. Services exports slipped 0.4 percent to $91.7 billion.
With exports and imports both up, the monthly U.S. trade deficit shrank from $75.0 billion in May to $73.1 billion in June. The deficit in goods trade fell 2.6 percent to $97.4 billion while the services trade surplus lost 2.4 percent to $24.2 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$22.3 billion
|
-6.7
|
|
|
|
European Union
|
$18.0 billion
|
-6.7
|
|
|
|
Mexico
|
$13.7 billion
|
-2.8
|
|
|
|
Vietnam
|
$10.9 billion
|
+5.8
|
|
|
|
Germany
|
$7.4 billion
|
+1.4
|
|
|
|
Taiwan
|
$6.4 billion
|
+20.8
|
|
|
|
Ireland
|
$5.8 billion
|
+1.8
|
|
|
|
South Korea
|
$5.7 billion
|
-8.1
|
|
|
|
Japan
|
$4.9 billion
|
-22.2
|
|
|
|
Canada
|
$4.6 billion
|
-8.0
|
|
|
|
India
|
$3.7 billion
|
-2.6
|
|
|
|
Italy
|
$3.1 billion
|
-35.4
|
|
|
|
Switzerland
|
$2.9 billion
|
+70.6
|
|
|
|
Malaysia
|
$1.8 billion
|
-10.0
|
|
|
|
France
|
$1.3 billion
|
-23.5
|
|
|
|
Israel
|
$0.9 billion
|
+50.0
|
|
|
|
Singapore
|
$0.4 billion
|
Shift from $1.3 billion surplus
|
|
|
|
Netherlands
|
|
|
$4.8 billion
|
+17.1
|
|
South/Central America
|
|
|
$3.6 billion
|
+2.9
|
|
Hong Kong
|
|
|
$2.1 billion
|
+31.3
|
|
Australia
|
|
|
$1.9 billion
|
0
|
|
United Kingdom
|
|
|
$0.9 billion
|
Shift from <$0.1 billion deficit
|
|
Brazil
|
|
|
$0.8 billion
|
+60.0
|
|
Belgium
|
|
|
$0.7 billion
|
+75.0
|
|
Saudi Arabia
|
|
|
$0.1 billion
|
Shift from $0.1 billion deficit
|
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