U.S. Trade Deficit Narrows in June


U.S June exports of $185.0 billion and imports of $227.9 billion resulted in a goods and services deficit of $42.9 billion, down from $48.0 billion in May, revised. June exports were $1.7 billion more than May exports of $183.3 billion. June imports were $3.5 billion less than May imports of $231.4 billion.

In June, the goods deficit decreased $5.4 billion from May to $57.5 billion, and the services surplus decreased $0.3 billion from May to $14.6 billion. Exports of goods increased $1.8 billion to $132.8 billion, and imports of goods decreased $3.6 billion to $190.3 billion. Exports of services decreased $0.2 billion to $52.2 billion, and imports of services increased $0.1 billion to $37.6 billion.

The goods and services deficit decreased $7.4 billion from June 2011 to June 2012. Exports were up $12.3 billion, or 7.1 percent, and imports were up $4.9 billion, or 2.2 percent.

The May to June increase in exports of goods reflected increases in consumer goods ($0.9 billion); automotive vehicles, parts, and engines ($0.7 billion); industrial supplies and materials ($0.6 billion); other goods ($0.2 billion); and capital goods ($0.2 billion). A decrease occurred in foods, feeds, and beverages ($0.8 billion).

The May to June decrease in imports of goods reflected decreases in industrial supplies and materials ($2.3 billion); capital goods ($1.3 billion); consumer goods ($0.6 billion); and foods, feeds, and beverages ($0.2 billion). Increases occurred in automotive vehicles, parts, and engines ($0.6 billion) and other goods ($0.1 billion). The June 2011 to June 2012 increase in exports of goods reflected increases in capital goods ($3.8 billion); industrial supplies and materials ($2.8 billion); automotive vehicles, parts, and engines ($2.0 billion); consumer goods ($0.9 billion); other goods ($0.9 billion); and foods, feeds, and beverages ($0.8 billion).


TradingEconomics.com, U.S. Census Bureau
8/9/2012 1:50:46 PM