Commerce Announces June Good and Services Trade Deficit of $49.9B
The U.S. Census Bureau announced on August 11, 2010 that total June exports of $150.5 billion and imports of $200.3 billion resulted in a goods and services deficit of $49.9 billion, up from $42.0 billion in May, revised. June exports were $2.0 billion less than May exports of $152.4 billion. June imports were $5.9 billion more than May imports of $194.4 billion.
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In June, the goods deficit increased $7.7 billion from May to $62.0 billion, and the services surplus decreased $0.2 billion to $12.1 billion. Exports of goods decreased $2.3 billion to $105.0 billion, and imports of goods increased $5.4 billion to $167.0 billion. Exports of services increased $0.3 billion to $45.5 billion, and imports of services increased $0.6 billion to $33.3 billion.
The goods and services deficit increased $22.8 billion from June 2009 to June 2010. Exports were up $22.6 billion, or 17.7 percent, and imports were up $45.3 billion, or 29.2 percent.