The U.S. monthly international trade deficit decreased in June 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $54.8 billion in May (revised) to $50.7 billion in June, as exports increased more than imports. The previously published May deficit was $54.6 billion. The goods deficit decreased $4.0 billion in June to $72.2 billion. The services surplus increased $0.1 billion in June to $21.5 billion.
Exports
Exports of goods and services increased $13.6 billion, or 9.4 percent, in June to $158.3 billion. Exports of goods increased $13.0 billion and exports of services increased $0.6 billion.
- The increase in exports of goods reflected increases in automotive vehicles, parts, and engines ($4.9 billion), in capital goods ($3.8 billion), and in industrial supplies and materials ($2.8 billion).
- The increase in exports of services reflected increases in transport ($0.4 billion) and in other business services ($0.1 billion).
Imports
Imports of goods and services increased $9.5 billion, or 4.7 percent, in June to $208.9 billion. Imports of goods increased $9.0 billion and imports of services increased $0.5 billion.
- The increase in imports of goods reflected increases in automotive vehicles, parts, and engines ($9.7 billion), in consumer goods ($4.7 billion), and in capital goods ($2.2 billion). A decrease in industrial supplies and materials ($8.3 billion) partly offset the increases.
- The increase in imports of services reflected increases in transport ($0.3 billion), in other business services ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion).
For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services, June 2020.