US Goods Trade Deficit Narrows to $101.5 Billion in June; Imports Fall to $306.2 Billion, Exports to $204.7
The US goods trade deficit narrowed 4.2% in June to $101.5 billion, driven by a decline in imports. Imports fell $8.2 billion month-on-month to $306.2 billion, though they rose 16.6% year-on-year. Exports dropped $3.8 billion to 2047 hundred million dollars ($204.7 billion). The three-month average deficit remained above the first-quarter level.
The U. S. goods trade deficit narrowed 4.2% in June, mainly due to a decline in imports. The goods trade deficit stood at $101.5 billion in June, narrowing 4.2% month-on-month. The average goods trade deficit over the three months through June remained above the first-quarter average.
In June, goods imports fell by $8.2 billion month-on-month to $306.2 billion, but were still up 16.6% year-on-year. Goods exports fell by $3.8 billion month-on-month to 2047 hundred million dollars ($204.7 billion).