The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $44.5 billion in June, up $3.6 billion from $41.0 billion in May, revised. June exports were $183.2 billion, $0.6 billion more than May exports. June imports were $227.7 billion, $4.2 billion more than May imports.
The June increase in the goods and services deficit reflected an increase in the goods deficit of $3.8 billion to $66.0 billion and an increase in the services surplus of $0.3 billion to $21.5 billion.
Year-to-date, the goods and services deficit decreased $3.8 billion, or 2.3 percent, from the same period in 2015. Exports decreased $54.2 billion or 4.7 percent. Imports decreased $60.0 billion or 4.3 percent.
Exports of goods increased $0.5 billion to $120.4 billion in June.
Exports of goods on a Census basis increased $0.7 billion.
Net balance of payments adjustments decreased $0.2 billion.
Exports of services increased $0.1 billion to $62.8 billion in June.
Imports of goods increased $4.4 billion to $186.4 billion in June.
Imports of goods on a Census basis increased $4.2 billion.
Net balance of payments adjustments increased $0.1 billion.
Imports of services decreased $0.2 billion to $41.2 billion in June.
The June figures show surpluses, in billions of dollars, with Hong Kong ($2.6), South and Central America ($2.3), Singapore ($0.4), and Brazil ($0.4). Deficits were recorded, in billions of dollars, with China ($28.0), European Union ($12.7), Japan ($6.0), Germany ($5.6), Mexico ($4.7), South Korea ($2.5), Italy ($2.3), India ($2.0), France ($1.6), OPEC ($1.2), Taiwan ($1.1), Canada ($0.6), Saudi Arabia ($0.5), and United Kingdom ($0.2).
NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.