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Goods and Services Deficit Increased in June 2021
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The nation's international trade deficit in goods and services increased to $75.7 billion in June from $71.0 billion in May (revised), as imports increased 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 $75.7 billion in June, up $4.8 billion from $71.0 billion in May, revised.
Exports, Imports, and Balance
June exports were $207.7 billion, $1.2 billion more than May exports. June imports were $283.4 billion, $6.0 billion more than May imports. The June increase in the goods and services deficit reflected an increase in the goods deficit of $4.0 billion to $93.2 billion and a decrease in the services surplus of $0.7 billion to $17.4 billion. Year-to-date, the goods and services deficit increased $135.8 billion, or 46.4 percent, from the same period in 2020. Exports increased $150.9 billion or 14.3 percent. Imports increased $286.7 billion or 21.3 percent.
Three-Month Moving Averages
The average goods and services deficit increased $0.2 billion to $71.9 billion for the three months ending in June.
• Average exports increased $1.7 billion to $206.3 billion in June.
• Average imports increased $1.9 billion to $278.2 billion in June.
Year-over-year, the average goods and services deficit increased $19.1 billion from the three months ending in June 2020.
• Average exports increased $54.6 billion from June 2020.
• Average imports increased $73.7 billion from June 2020.
Posted: August 5, 2021 Thursday 08:30 AM