June 2013 Trade Gap is $34.2 Billion

The U.S. monthly international trade deficit decreased in June 2013, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.1 billion in May (revised) to $34.2 billion in June as exports increased and imports decreased. The previously published May deficit was $45.0 billion. The goods deficit decreased $9.7 billion from May to $53.2 billion in June; the services surplus increased $0.2 billion from May to $18.9 billion in June.trade_june13

Exports
Exports of goods and services increased $4.1 billion in June to $191.2 billion mostly reflecting an increase in exports of goods. Exports of services also increased.
• The largest increases in exports of goods were in industrial supplies and materials, in capital goods, and in consumer goods.
• The increase in exports of services mostly reflected an increase in travel.

Imports
Imports of goods and services decreased $5.8 billion in June to $225.4 billion reflecting a decrease in imports of goods. Imports of services were virtually unchanged.
• The largest decreases in imports of goods were in industrial supplies and materials, in consumer goods, and in other goods.
• The small change in imports of services reflected a decrease in other transportation, which includes freight and port services, that was mostly offset by increases in several categories.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with the European Union decreased from $10.8 billion in May to $7.1 billion in June. Exports increased $0.3 billion to $22.8 billion and imports decreased $3.4 billion to $29.9 billion.
• The goods deficit with China decreased from $27.9 billion in May to $26.6 billion in June. Exports increased $0.4 billion to $9.2 billion and imports decreased $0.8 billion to $35.8 billion.
• The goods deficit with Canada decreased from $1.9 billion in May to $1.6 billion in June. Exports decreased $0.9 billion to $25.5 billion and imports decreased $1.2 billion to $27.1 billion.

To learn more about U.S. international trade in goods and services, read the full report.

 


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