FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, Friday, August 5, 2016
CB 16-132
BEA 16—42
FT-900 (16-06)



See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.

                                     U.S. Census Bureau
                              U.S. Bureau of Economic Analysis
                                            NEWS
                     U.S. Department of Commerce * Washington, DC 20230
                       U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                                         June 2016

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of
Commerce, announced today that the goods and services deficit was $44.5 billion in June, up $3.6
billion from $41.0 billion in May, revised.  June exports were $183.2 billion, $0.6 billion more
than May exports. June imports were $227.7 billion, $4.2 billion more than May imports.

The June increase in the goods and services deficit reflected an increase in the goods deficit
of $3.8 billion to $66.0 billion and an increase in the services surplus of $0.3 billion to $21.5
billion.

Year-to-date, the goods and services deficit decreased $5.8 billion, or 2.3 percent, from the
same period in 2015. Exports decreased $54.2 billion or 4.7 percent. Imports decreased $60.0
billion or 4.3 percent.

Goods and Services Three-Month Moving Averages (Exhibit 2)

The average goods and services deficit increased $3.0 billion to $40.9 billion for the three
months ending in June.
   * Average exports of goods and services increased $1.0 billion to $182.8 billion in June.
   * Average imports of goods and services increased $4.0 billion to $223.7 billion in June.

Year-over-year, the average goods and services deficit decreased $0.4 billion from the three
months ending in June 2015.
   * Average exports of goods and services decreased $8.0 billion from June 2015.
   * Average imports of goods and services decreased $8.4 billion from June 2015.

Exports (Exhibits 3, 6, and 7)

Exports of goods increased $0.5 billion to $120.4 billion in June.
   Exports of goods on a Census basis increased $0.7 billion.
      * Foods, feeds, and beverages increased $0.6 billion.
         o Corn increased $0.3 billion.
         o Wheat increased $0.2 billion.
      * Consumer goods increased $0.4 billion.
         o Artwork, antiques, stamps, and other collectibles increased $0.2 billion.
      *	Capital goods increased $0.3 billion.
	 o Civilian aircraft increased $1.1 billion.
   Net balance of payments adjustments decreased $0.2 billion.

Exports of services increased $0.1 billion to $62.8 billion in June.
      * Financial services and maintenance and repair services each increased $0.1 billion.
      *	Travel (for all purposes including education) decreased $0.1 billion.

Imports (Exhibits 4, 6, and 8)

Imports of goods increased $4.4 billion to $186.4 billion in June.
   Imports of goods on a Census basis increased $4.2 billion.
      *	Industrial supplies and materials increased $2.3 billion.
	 o Crude oil increased $1.4 billion.
      *	Consumer goods increased $1.9 billion.
	 o Pharmaceutical preparations increased $1.4 billion.
	 o Cell phones and other household goods increased $1.1 billion.
      *	Capital goods increased $1.0 billion.
   Net balance of payments adjustments increased $0.1 billion.

Imports of services decreased $0.2 billion to $41.2 billion in June.
      *	Travel (for all purposes including education) decreased $0.1 billion.
      *	Transport, which includes freight and port services and passenger fares, decreased
        $0.1 billion.

Real Goods in 2009 Dollars – Census Basis (Exhibit 11)

The real goods deficit increased $3.8 billion to $64.7 billion in June.
   * Real exports of goods decreased $0.6 billion to $117.1 billion.
   * Real imports of goods increased $3.2 billion to $181.8 billion.

Revisions

Revisions to May exports
   * Exports of goods were revised upward less than $0.1 billion.
   * Exports of services were revised upward $0.2 billion.

Revisions to May imports
   * Imports of goods were revised downward less than $0.1 billion.
   * Imports of services were revised upward less than $0.1 billion


Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19)

The June figures show surpluses, in billions of dollars, with Hong Kong ($2.6), South and Central
America ($2.3), Singapore ($0.4), and Brazil ($0.4). Deficits were recorded, in billions of
dollars, with China ($28.0), European Union ($12.7), Japan ($6.0), Germany ($5.6), Mexico ($4.7),
South Korea ($2.5),  Italy ($2.3), India ($2.0), France ($1.6), OPEC ($1.2), Taiwan ($1.1),
Canada ($0.6), Saudi Arabia ($0.5), and United Kingdom ($0.2).

   * The deficit with Japan increased $1.0 billion to $6.0 billion in June. Exports decreased
     $0.4 billion to $5.0 billion and imports increased $0.6 billion to $11.0 billion.
   * The deficit with the European Union increased $0.8 billion to $12.7 billion in June.
     Exports increased $0.9 billion to $22.9 billion and imports increased $1.7 billion to
     $35.6 billion.
   * The deficit with Mexico decreased $0.8 billion to $4.7 billion in June. Exports increased
     $0.3 billion to $19.0 billion and imports decreased $0.5 billion to $23.7 billion.

NOTES:
   * 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, revision procedures, and scheduled
     release dates through December 2016, see the information section on page A-1 of this release.
     The next release is September 2, 2016.
   * For definitions of goods on a balance of payments basis, goods on a Census basis, and net
     balance of payments adjustments, see the information section on page A-1 of this release.

NOTICE

Change to OPEC

With the September 2, 2016 release of the "U.S. International Trade in Goods and Services" report
(FT-900), statistics for OPEC will include Gabon, which rejoined on July 1. This change will
affect Exhibits 14, 17a, 19, 20, 20a, and 20b of the FT-900 and Exhibit 4 of the FT-900 Supplement.

If you have questions or need additional information, please contact the U.S. Census Bureau,
Economic Indicators Division, on (800) 549-0595, option 4, or at eid.international.trade.data@census.gov.

To learn more about the FT-900 and other economic indicators the Census Bureau publishes, join
the Economic Indicators Division for the “Investigating Economic Indicators” Webinar series. For
more information, visit www.census.gov/econ/webinar.