U.S. trade deficit increased by $1 billion in June

RP news wires, Noria Corporation

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).

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