The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.6 billion in June, down $2.7 billion from $46.4 billion in May, revised. June exports were $194.4 billion, $2.4 billion more than May exports. June imports were $238.0 billion, $0.4 billion less than May imports.

The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.1 billion to $65.2 billion and an increase in the services surplus of $0.6 billion to $21.6 billion.

Exports (Exhibits 3, 6, and 7 in the FT-900)

Exports of goods increased $1.7 billion to $129.0 billion in June.

Exports of goods on a Census basis increased $1.9 billion.

• Capital goods increased $0.8 billion.
• Foods, feeds, and beverages increased $0.7 billion.
  • Soybeans increased $0.6 billion.
• Automotive vehicles, parts, and engines increased $0.4 billion.
• Consumer goods decreased $0.3 billion.
  • Pharmaceutical preparations decreased $0.4 billion.

Exports of services increased $0.6 billion to $65.4 billion in June.

• Travel (for all purposes including education) increased $0.3 billion.
• Transport, which includes freight and port services and passenger fares, increased $0.1 billion.
• Financial services increased $0.1 billion.

Imports (Exhibits 4, 6, and 8 in the FT-900)

Imports of goods decreased $0.4 billion to $194.3 billion in June.

Imports of goods on a Census basis decreased $0.3 billion.

• Industrial supplies and materials decreased $1.1 billion.
  • Crude oil decreased $1.4 billion.
• Consumer goods decreased $0.7 billion.
  • Cell phones and other household goods decreased $0.9 billion.
• Automotive vehicles, parts, and engines increased $1.0 billion.
  • Passenger cars increased $1.3 billion.

Imports of services were nearly unchanged at $43.8 billion in June, reflecting small and offsetting changes across categories.

Goods by Selected Countries and Areas: Census Basis (Exhibit 19)

The June figures show surpluses, in billions of dollars, with Hong Kong ($2.9), South and Central America ($2.6), Singapore ($0.9), Brazil ($0.5), and United Kingdom ($0.2). Deficits were recorded, in billions of dollars, with China ($31.3), European Union ($12.5), Germany ($5.6), Japan ($5.5), Mexico ($5.5), Italy ($2.7), India ($1.9), South Korea ($1.8), Taiwan ($1.7), France ($1.1), Canada ($1.0), OPEC ($0.7), and Saudi Arabia (less than $0.1).

• The deficit with Mexico decreased $1.2 billion to $5.5 billion in June. Exports increased $1.7 billion to $20.8 billion and imports increased $0.5 billion to $26.3 billion.
• The deficit with Canada decreased $1.2 billion to $1.0 billion in June. Exports decreased less than $0.1 billion to $23.6 billion and imports decreased $1.2 billion to $24.5 billion.

NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.