The deficit amounted to US$79.6bn in June, down $5.3bn from $84.9bn in May, revised, according to trade statistics released by the Department of Commerce. 

June exports were $260.8bn, $4.3bn more than those a month earlier, while imports were $340.4bn, $1bn less than May imports.

The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $4.9bn to $99.5bn and an increase in the services surplus of $0.3bn to $19.9bn.

Year-to-date, the goods and services deficit increased by $134.1bn, or 33.4%, from the same period in 2021. Exports grew by $246.2bn or 20%, while imports increased $380.3bn or 23.3%.

The largest deficit was recorded with China at $36.9bn, followed by the European Union as US$17.6bn, and Vietnam at US$11.1bn. Deficits were also recorded with Mexico ($9.7bn), Canada ($7.3bn), Ireland ($6.1bn), Germany ($5.4bn), India ($5.2bn), Japan ($4.7bn), South Korea ($3.7bn), Taiwan ($3.6bn), Italy ($3.5bn), Malaysia ($3bn), Saudi Arabia ($1.9bn), France ($0.9bn), Israel ($0.8bn) and United Kingdom ($0.4bn).

Surpluses for the month of June, meanwhile, were recorded with South and Central America ($7.9bn), Netherlands ($3bn), Singapore ($1.8bn), Hong Kong ($1.7bn), Brazil ($1.7bn), Australia ($1.5bn), Belgium ($1bn), and Switzerland ($0.9bn).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Prior to the revision, the US international trade deficit in goods and services was reported at $85.5bn in May, down $1.1bn from $86.7bn in April.