The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the country’s goods and services deficit decreased to $60.2 billion in June, down $11.5 billion from May, revised. This decrease reflects a reduction in the goods deficit, which fell to $85.9 billion, while the services surplus increased by $0.1 billion to $25.7 billion.
In terms of exports and imports, June saw a decrease of 0.5% in exports ($277.3 billion) and a decline of 3.7% in imports ($337.5 billion). The year-to-date trade deficit has risen $161.5 billion or 38.3 percent compared to the same period last year.
The average goods and services deficit decreased by $26 billion to $64 billion for the three months ending in June, while exports decreased by $1.3 billion to $282 billion. Similarly, imports decreased by $27.3 billion to $346 billion over the same period.
Exports of goods fell by 0.7%, mainly due to a decrease in industrial supplies and materials ($4.8 billion). Meanwhile, imports dropped by 3.7%, with notable declines in consumer goods ($8.4 billion) and pharmaceutical preparations ($9.6 billion).
The services trade saw a decline of 0.2% in exports ($98.2 billion), mainly due to decreased travel expenses. Imports also fell by 0.2% ($72.5 billion), largely attributed to decreases in transport and other business services.
Compared to last year, the real goods deficit decreased by 9.3%, while real exports increased by 1.5%. Real imports rose by 4.5%.
Source: https://www.bea.gov/news/2025/us-international-trade-goods-and-services-june-2025