Research >> Economics
Goods and Services Deficit Increased in June 2019
The nation's international trade deficit in goods and services decreased to $55.2 billion in June from $55.3 billion in May (revised), as imports decreased more than exports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.2 billion in June, down $0.2 billion from $55.3 billion in May, revised.
Exports, Imports, and Balance
June exports were $206.3 billion, $4.4 billion less than May exports. June imports were $261.5 billion, $4.6 billion less than May imports.
The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $0.8 billion to $75.1 billion and a decrease in the services surplus of $0.6 billion to $20.0 billion.
Year-to-date, the goods and services deficit increased $23.2 billion, or 7.9 percent, from the same period in 2018. Exports increased $0.5 billion or less than 0.1 percent. Imports increased $23.8 billion or 1.5 percent.
Three-Month Moving Averages
The average goods and services deficit increased $1.1 billion to $53.9 billion for the three months ending in June.
• Average exports decreased $1.7 billion to $207.8 billion in June.
• Average imports decreased $0.6 billion to $261.7 billion in June.
Year-over-year, the average goods and services deficit increased $7.2 billion from the three months ending in June 2018.
• Average exports decreased $3.3 billion from June 2018.
• Average imports increased $4.0 billion from June 2018.
Posted: August 2, 2019 Friday 08:30 AM