The monthly U.S. trade deficit in goods and services fell 15.8 percent in June a month after an 18.7 percent increase.
According to the Census Bureau, imports from China were the lowest in more than 16 years in June but imports from Vietnam and Taiwan both hit all-time highs, suggesting that production has begun to shift from the former to the latter or that Chinese goods are simply being transshipped through Vietnam and Taiwan, which the U.S. has vowed to crack down on. The U.S. also saw a record trade surplus with the Netherlands powered by the highest-ever exports to that country.
Imports of $337.5 billion in June were down 3.7 percent from May. Imports of goods fell 4.5 percent to $265.0 billion, with decreases of $9.6 billion for pharmaceutical preparations, $1.1 billion for passenger cars, and $1.0 billion for crude oil. Services imports slipped 0.3 percent to $72.5 billion.
Exports lost 0.5 percent to $277.3 billion in June. Exports of goods edged down 0.7 percent to $179.1 billion, with increases of $1.6 billion for pharmaceutical preparations and $1.6 billion for excavating machinery along with decreases of $4.6 billion for finished metal shapes and $2.0 billion for non-monetary gold. Services exports slipped 0.2 percent to $98.2 billion.
The monthly U.S. trade deficit decreased from $71.5 billion in May to $60.2 billion in June. The deficit in goods trade fell 11.7 percent to $85.9 billion while the services trade surplus slipped 0.4 percent to $25.7 billion.
For the year to date the U.S. trade deficit was up 38.3 percent from the same period in 2024 as imports rose 12.1 percent and exports gained 5.2 percent.
For the month of June 2025, trade deficits and surpluses with major trading partners were as follows.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
Mexico
|
$16.3 billion
|
-4.7
|
|
|
|
Vietnam
|
$16.2 billion
|
+8.7
|
|
|
|
Taiwan
|
$12.9 billion
|
+12.2
|
|
|
|
China
|
$9.4 billion
|
-32.9
|
|
|
|
European Union
|
$9.5 billion
|
-57.8
|
|
|
|
Japan
|
$5.7 billion
|
-1.7
|
|
|
|
South Korea
|
$5.5 billion
|
+1.9
|
|
|
|
Ireland
|
$5.3 billion
|
-55.1
|
|
|
|
India
|
$5.3 billion
|
+3.9
|
|
|
|
Germany
|
$4.0 billion
|
-41.2
|
|
|
|
Malaysia
|
$3.1 billion
|
+29.2
|
|
|
|
Italy
|
$1.6 billion
|
-38.5
|
|
|
|
Canada
|
$1.3 billion
|
-53.6
|
|
|
|
France
|
$0.7 billion
|
+40.0
|
|
|
|
Israel
|
$0.1 billion
|
Shift from $0.1 billion surplus
|
|
|
|
Switzerland
|
<$0.1 billion
|
Shift from $3.3 billion surplus
|
|
|
|
Netherlands
|
|
|
$6.2 billion
|
+29.2
|
|
South/Central America
|
|
|
$4.4 billion
|
+33.3
|
|
United Kingdom
|
|
|
$2.2 billion
|
-26.7
|
|
Hong Kong
|
|
|
$1.6 billion
|
-55.6
|
|
Australia
|
|
|
$1.6 billion
|
+6.7
|
|
Brazil
|
|
|
$1.3 billion
|
+160
|
|
Saudi Arabia
|
|
|
$0.3 billion
|
-40.0
|
|
Singapore
|
|
|
$0.2 billion
|
-33.3
|
|
Belgium
|
|
|
$0.1 billion
|
-80.0
|
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