US Goods Trade Deficit Narrows as Exports, Imports Fall

2026-07-28 12:44 By Joana Ferreira 1 min. read

The US goods trade deficit narrowed to $101.5 billion in June 2026 from a 14-month high of $105.9 billion in May, according to preliminary data.

Exports fell 1.8% to $204.7 billion, marking a second straight monthly decline and moving further below April's record high, driven by lower shipments of industrial supplies (-4.4%), foods, feeds, and beverages (-3.1%), and capital goods (-1.1%).

Imports declined at a faster 2.6% to $306.2 billion, with purchases falling across all major categories, including consumer goods (-3.8%), capital goods (-2.0%), industrial supplies (-1.9%), vehicles (-2.5%), and foods, feeds, and beverages (-2.5%).

In the first half of 2026, the cumulative goods trade deficit narrowed to $535.5 billion from $716.6 billion in the same period a year earlier, suggesting trade flows are continuing to normalize following last year's US tariff announcements, although uncertainty surrounding US trade policy remains.



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US Goods Trade Deficit Largest Since March 2025
The US goods trade deficit widened to $118.8 billion in July 2026 from $101.4 billion in June, according to preliminary data. It was the largest deficit since March 2025, when it reached a record $158.7 billion. Imports rose 3.7% to a 16-month high of $318.2 billion, driven by higher purchases of capital goods (11.3%) and consumer goods (0.1%), which more than offset declines in industrial supplies (-3.9%), automotive vehicles (-1.6%), and foods, feeds, and beverages (-0.9%). Meanwhile, exports fell 2.9% to $199.4 billion, marking a third consecutive monthly decline and their lowest level since January. The decrease was led by lower shipments of industrial supplies (-11.2%), foods, feeds, and beverages (-1.4%), and automotive vehicles (-0.7%).
2026-08-27
US Goods Trade Deficit Narrows as Exports, Imports Fall
The US goods trade deficit narrowed to $101.5 billion in June 2026 from a 14-month high of $105.9 billion in May, according to preliminary data. Exports fell 1.8% to $204.7 billion, marking a second straight monthly decline and moving further below April's record high, driven by lower shipments of industrial supplies (-4.4%), foods, feeds, and beverages (-3.1%), and capital goods (-1.1%). Imports declined at a faster 2.6% to $306.2 billion, with purchases falling across all major categories, including consumer goods (-3.8%), capital goods (-2.0%), industrial supplies (-1.9%), vehicles (-2.5%), and foods, feeds, and beverages (-2.5%). In the first half of 2026, the cumulative goods trade deficit narrowed to $535.5 billion from $716.6 billion in the same period a year earlier, suggesting trade flows are continuing to normalize following last year's US tariff announcements, although uncertainty surrounding US trade policy remains.
2026-07-28
US Goods Trade Gap Widens to 14-Month High
The goods trade deficit in the United States widened to $105.8 billion in May of 2026 from $83 billion in the previous month, on a seasonally adjusted basis, to mark the widest trade gap in over one year. It contrasted to expectations of an $85 billion gap. Imports rose by 3.6% to $313.4 billion, the highest in 14 months despite the tariffs passed by the presidential administration. Foreign purchases were higher for consumer goods (5.7% to $59.5 billion), industrial supplies (4.8% to $55.9 billion), foods, feeds, and beverages (4.3% to $18.2 billion), and other goods (11.5% to $15.4 billion). In turn, exports dropped by 5.4% to $207.7 billion, the third-highest on record, to general inflation of domestically-produced industries. Sales fell for industrial supplies (-7% to $82.7 billion) and consumer goods (-9.2% to $20.7%).
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