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August 08, 2017

U.S. international trade deficit continued to shrink in June

The U.S. Census Bureau reports that the country's goods and services trade deficit was $43.6 billion in June, down $2.7 billion from $46.4 billion in May.

June exports were $194.4 billion, $2.4 billion more than May exports. June imports were $238.0 billion, $0.4 billion less than May imports.

The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.1 billion to $65.2 billion and an increase in the services surplus of $0.6 billion to $21.6 billion.

The June figures show surpluses, in billions of dollars, with Hong Kong ($2.9), South and Central America ($2.6), Singapore ($0.9), Brazil ($0.5), and United Kingdom ($0.2).

Deficits were recorded, in billions of dollars, with China ($31.3), European Union ($12.5), Germany ($5.6), Japan ($5.5), Mexico ($5.5), Italy ($2.7), India ($1.9), South Korea ($1.8), Taiwan ($1.7), France ($1.1), Canada ($1.0), OPEC ($0.7), and Saudi Arabia (less than $0.1).