The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced August 13 that total June exports of $125.8 billion and imports of $152.8 billion resulted in a goods and services deficit of $27.0 billion, up from $26.0 billion in May, revised. June exports were $2.4 billion more than May exports of $123.4 billion. June imports were $3.5 billion more than May imports of $149.3 billion.
In June, the goods deficit increased $1.2 billion from May to $38.4 billion, and the services surplus increased $0.1 billion to $11.4 billion. Exports of goods increased $1.9 billion to $84.0 billion, and imports of goods increased $3.0 billion to $122.4 billion. Exports of services increased $0.5 billion to $41.8 billion, and imports of services increased $0.4 billion to $30.4 billion.
In June, the goods and services deficit decreased $33.2 billion from June 2008. Exports were down $35.8 billion, or 22.2 percent, and imports were down $69.0 billion, or 31.1 percent.
Goods
The May to June increase in exports of goods reflected increases in industrial supplies and materials ($1.2 billion); capital goods ($0.4 billion); foods, feeds and beverages ($0.3 billion); and automotive vehicles, parts, and engines ($100 million). Consumer goods and other goods were virtually unchanged.
The May to June increase in imports of goods reflected increases in industrial supplies and materials ($3.9 billion); automotive vehicles, parts, and engines ($900 million); foods, feeds and beverages ($100 million); and other goods ($100 million). Decreases occurred in consumer goods ($1.7 billion) and capital goods ($100 million). The June 2008 to June 2009 decrease in exports of goods reflected decreases in industrial supplies and materials ($12.4 billion); capital goods ($8.0 billion); automotive vehicles, parts, and engines ($5.3 billion); consumer goods ($1.9 billion); foods, feeds, and beverages ($1.9 billion); and other goods ($800 million).
The June 2008 to June 2009 decrease in imports of goods reflected decreases in industrial supplies and materials ($36.3 billion); capital goods ($9.7 billion); automotive vehicles, parts and engines ($9.4 billion); consumer goods ($7.6 billion); other goods ($0.9 billion); and foods, feeds and beverages ($600 million).