U.S. international trade deficit down $1.9 billion in June

August 13, 2024

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $73.1 billion in June, down $1.9 billion from $75.0 billion in May.

June exports were $265.9 billion, $3.9 billion more than May exports. June imports were $339.0 billion, $2.0 billion more than May imports.

The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.5 billion to $97.4 billion and a decrease in the services surplus of $0.6 billion to $24.2 billion.

The June figures show surpluses, in billions of dollars, with Netherlands ($4.8), South and Central America ($3.6), Hong Kong ($2.1), Australia ($1.9), United Kingdom ($0.9), Brazil ($0.8), Belgium ($0.7), and Saudi Arabia ($0.1).

Deficits were recorded, in billions of dollars, with China ($22.3), European Union ($18.0), Mexico ($13.7), Vietnam ($10.9), Germany ($7.4), Taiwan ($6.4), Ireland ($5.8), South Korea ($5.7), Japan ($4.9), Canada ($4.6), India ($3.7), Italy ($3.1), Switzerland ($2.9), Malaysia ($1.8), France ($1.3), Israel ($0.9), and Singapore ($0.4).