US Trade Deficit in Goods and Services Increases to $75.7B

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The US international trade deficit in goods and services increased to $75.7 billion in June from $71.0 billion in May (revised) because imports increased more than exports. This was the highest on record. However, the June exports of goods ($145.9 billion) were also the highest on record.

Deficit at a Glance

• June goods and services deficit ($75.7 billion) was the highest on record.
• June goods deficit ($93.2 billion) was the highest on record.
• June exports of goods and services ($207.7 billion) were the highest since December 2019 ($209.9 billion).
• June exports of goods ($145.9 billion) were the highest on record.
• June imports of goods and services ($283.4 billion) were the highest on record.
• June imports of goods ($239.1 billion) were the highest on record.

Country and Other Highlights (Census Basis, not seasonally adjusted)

Balance

• The June deficit with Taiwan ($3.5 billion) was the highest on record.

 Exports

• June exports to Brazil ($4.2 billion) were the highest since August 2013 ($4.2 billion).

 Imports

• June imports from Taiwan ($6.6 billion) were the highest on record.
• June imports from South Korea ($8.5 billion) were the highest on record.
• June imports from Canada ($32.1 billion) were the highest since July 2008 ($32.2 billion).