US trade deficit narrowed 2.5% to $73.1bn in June, with exports up 1.5% and imports up 0.6%.

The US trade deficit narrowed by 2.5% to $73.1bn in June, slightly higher than the expected $72.8bn, due to an increase in exports (1.5% to $265.9bn) and a lesser rise in imports (0.6% to $339.0bn). Exports were boosted by civilian aircraft and industrial supplies sectors, while imports increased due to items such as pharmaceutical preparations and semiconductors. The US goods deficit with China decreased $1.6bn to $22.3bn.

August 06, 2024
14 Articles