Wednesday, August 5, 2015

U.S. Foreign Trade Deficit Added $2.9 billion in June

The U.S. international trade deficit widened in June to $48.3 billion, up $2.9 billion from May. The increase reflected a $0.1 billion decrease in exports and a $2.8 billion increase in imports.

The goods deficit grew $2.9 billion to $63.5 billion, while the services surplus remained essentially unchanged at $19.7 billion.

Exports of goods decreased $0.2 billion to $127.6 billion, driven by a $0.8 billion decrease in capital goods, offset by an increase in exports of consumer goods. Exports of services increased $0.1 billion to $61.0 billion.

Imports of goods increased $2.7 billion to $191.1 billion, largely due to increases in pharmaceutical preparations and a $0.9 billion increase in oil imports. Imports of services increased $0.1 billion to $41.4 billion.

Read the Census/BEA release.

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