The U.S. monthly international trade deficit increased in June 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.2 billion in May (revised) to $46.3 billion in June, as exports decreased and imports increased. The previously published May deficit was $43.1 billion. The goods deficit increased $3.1 billion in June to $68.8 billion. The services surplus decreased less than $0.1 billion in June to $22.5 billion.
Exports of goods and services decreased $1.5 billion, or 0.7 percent, in June to $213.8 billion. Exports of goods decreased $1.7 billion and exports of services increased $0.2 billion.
- The decrease in exports of goods mostly reflected decreases in consumer goods ($1.4 billion); in capital goods ($0.9 billion); and in automotive vehicles, parts, and engines ($0.7 billion). An increase in industrial supplies and materials ($2.0 billion) partly offset the decreases.
- The increase in exports of services mostly reflected an increase in financial services ($0.1 billion).
Imports of goods and services increased $1.6 billion, or 0.6 percent, in June to $260.2 billion. Imports of goods increased $1.4 billion and imports of services increased $0.2 billion.
- The increase in imports of goods mostly reflected increases in consumer goods ($2.0 billion) and in industrial supplies and materials ($0.9 billion). A decrease in capital goods ($1.5 billion) partly offset the increases.
- The increase in imports of services mostly reflected an increase in charges for the use of intellectual property ($0.3 billion), which included payments for the rights to broadcast the portion of the 2018 soccer World Cup that occurred in June.
For more information, read the full report.