International Trade Gap Widened 7.3 percent in June

The U.S. international trade deficit widened in June, rising 7.3 percent to $46.3 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Imports rose 0.6 percent, while exports fell 0.7 percent. May’s trade deficit was upwardly revised from $43.1 billion to $43.2 billion.

The goods deficit increased 4.7 percent to $68.8 billion, while the services surplus was unchanged at $22.5 billion.

Exports of goods decreased 1.2 percent to $143.2 billion in June. Exports of services grew 0.2 percent to $70.6 billion.

Imports of goods increased 0.6 percent to $212.0 billion. Imports of services rose 0.5 percent to $48.1 billion.

Read the Census/BEA release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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