Click to Enlarge.
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).
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
US Trade Deficit in Goods and Services Increases to $75.7B
Click to Enlarge.
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
Country and Other Highlights (Census Basis, not seasonally adjusted)
Balance
Exports
Imports
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.