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U.S. Trade Deficit Shrinks a Bit

The U.S. goods and services (trade) deficit was $55.2 billion in June, down $0.2 billion from $55.3…

  • August 16, 2019

The U.S. goods and services (trade) deficit was $55.2 billion in June, down $0.2 billion from $55.3 billion in May, revised, The U.S. Census Bureau and the U.S. Bureau of Economic Analysis report

June exports were $206.3 billion, $4.4 billion less than May exports. June imports were $261.5 billion, $4.6 billion less than May imports.

The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $0.8 billion to $75.1 billion and a decrease in the services surplus of $0.6 billion to $20.0 billion.

Year-to-date, the goods and services deficit increased $23.2 billion, or 7.9 percent, from the same period in 2018. Exports increased $0.5 billion or less than 0.1 percent. Imports increased $23.8 billion or 1.5 percent.