Goods & Services Deficit Declined to $79.6B in June

Washington, DC, August 4, 2022-The goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

June exports were $260.8 billion, $4.3 billion more than May exports. June imports were $340.4 billion, $1.0 billion less than May imports.

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

Year-to-date, the goods and services deficit increased $134.1 billion, or 33.4%, from the same period in 2021. Exports increased $246.2 billion or 20.0%. Imports increased $380.3 billion or 23.3%.