Research >> Economics
Goods and Services Deficit Increased in June 2010
The Nation’s international trade deficit in goods and services increased to $49.9 billion in June from $42.0 billion (revised) in May, as imports increased and exports decreased.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total June exports of $150.5 billion and imports of $200.3 billion resulted in a goods and services deficit of $49.9 billion, up from $42.0 billion in May, revised. June exports were $2.0 billion less than May exports of $152.4 billion. June imports were $5.9 billion more than May imports of $194.4 billion.
In June, the goods deficit increased $7.7 billion from May to $62.0 billion, and the services surplus decreased $0.2 billion to $12.1 billion. Exports of goods decreased $2.3 billion to $105.0 billion, and imports of goods increased $5.4 billion to $167.0 billion. Exports of services increased $0.3 billion to $45.5 billion, and imports of services increased $0.6 billion to $33.3 billion.
The goods and services deficit increased $22.8 billion from June 2009 to June 2010. Exports were up $22.6 billion, or 17.7 percent, and imports were up $45.3 billion, or 29.2 percent.
Posted: August 11, 2010 Wednesday 08:30 AM