The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $73.3 billion in June, down $4.4 billion from $77.6 billion in May, revised.
| Deficit: | $73.3 Billion | –5.6%° |
| Exports: | $314.7 Billion | –0.9%° |
| Imports: | $388.0 Billion | –1.8%° |
|
Next release: Thursday, September 3, 2026 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, August 4, 2026 |
||
Exports, Imports, and Balance (exhibit 1)
June exports were $314.7 billion, $2.9 billion less than May exports. June imports were $388.0 billion, $7.3 billion less than May imports.
The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $3.9 billion to $102.1 billion and an increase in the services surplus of $0.5 billion to $28.8 billion.
Year-to-date, the goods and services deficit decreased $189.3 billion, or 33.8 percent, from the same period in 2025. Exports increased $198.3 billion or 11.7 percent. Imports increased $9.0 billion or 0.4 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit increased $5.6 billion to $68.5 billion for the three months ending in June.
- Average exports decreased $1.3 billion to $320.2 billion in June.
- Average imports increased $4.2 billion to $388.7 billion in June.
Year-over-year, the average goods and services deficit increased $6.6 billion from the three months ending in June 2025.
- Average exports increased $35.6 billion from June 2025.
- Average imports increased $42.1 billion from June 2025.
Exports (exhibits 3, 6, and 7)
Exports of goods decreased $4.0 billion to $206.9 billion in June.
Exports of goods on a Census basis decreased $3.8 billion.
- Industrial supplies and materials decreased $3.3 billion.
- Crude oil decreased $5.7 billion.
- Fuel oil decreased $1.6 billion.
- Nonmonetary gold increased $3.4 billion.
- Other goods decreased $0.8 billion.
- Capital goods decreased $0.6 billion.
- Computers decreased $1.1 billion.
Net balance of payments adjustments decreased $0.2 billion.
Exports of services increased $1.1 billion to $107.8 billion in June.
- Financial services increased $0.5 billion.
- Travel increased $0.4 billion.
Imports (exhibits 4, 6, and 8)
Imports of goods decreased $7.9 billion to $309.0 billion in June.
Imports of goods on a Census basis decreased $7.7 billion.
- Capital goods decreased $2.1 billion.
- Computers decreased $3.0 billion.
- Telecommunications equipment increased $1.1 billion.
- Consumer goods decreased $2.1 billion.
- Pharmaceutical preparations decreased $1.9 billion.
Net balance of payments adjustments decreased $0.2 billion.
Imports of services increased $0.6 billion to $79.0 billion in June.
- Charges for the use of intellectual property increased $0.7 billion.
- Transport increased $0.2 billion.
- Insurance services increased $0.1 billion.
- Travel decreased $0.4 billion.
Real Goods in 2017 Dollars – Census Basis (exhibit 11)
The real goods deficit decreased $5.3 billion, or 5.3 percent, to $94.5 billion in June, compared to a 3.7 percent decrease in the nominal deficit.
- Real exports of goods decreased $1.4 billion, or 0.9 percent, to $153.6 billion, compared to a 1.8 percent decrease in nominal exports.
- Real imports of goods decreased $6.7 billion, or 2.6 percent, to $248.1 billion, compared to a 2.4 percent decrease in nominal imports.
Revisions
Revisions to May exports
- Exports of goods were revised up $0.3 billion.
- Exports of services were revised down $0.4 billion.
Revisions to May imports
- Imports of goods were revised down $0.2 billion.
- Imports of services were revised up $0.2 billion.
Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)
The June figures show surpluses, in billions of dollars, with Netherlands ($7.2), South and Central America ($5.6), Hong Kong ($3.2), Switzerland ($2.9), United Kingdom ($2.2), Singapore ($1.8), Saudi Arabia ($1.8), Brazil ($1.7), Australia ($1.3), and Belgium ($0.9). Deficits were recorded, in billions of dollars, with Vietnam ($21.6), Mexico ($20.3), China ($15.3), Taiwan ($14.9), European Union ($10.9), South Korea ($7.4), Canada ($7.2), Germany ($7.1), India ($4.5), Malaysia ($4.4), Japan ($3.3), Ireland ($2.7), Italy ($2.5), France ($1.5), and Israel ($1.2).
- The balance with Switzerland shifted from a deficit of $2.3 billion in May to a surplus of $2.9 billion in June. Exports increased $4.5 billion to $6.5 billion and imports decreased $0.7 billion to $3.5 billion.
- The deficit with Taiwan decreased $4.5 billion to $14.9 billion in June. Exports increased $0.1 billion to $4.6 billion and imports decreased $4.4 billion to $19.5 billion.
- The deficit with South Korea increased $3.0 billion to $7.4 billion in June. Exports decreased $1.4 billion to $6.9 billion and imports increased $1.6 billion to $14.3 billion.
All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.
Next release: September 3, 2026
U.S. International Trade in Goods and Services, July 2026
