US trade balance of goods and services for June $-50.7 billion vs. $-50.2 billion estimate

Author: Greg Michalowski | Category: News

US trade balance of goods and services for June 2020.

US trade balance of goods and services for June 2020.
  • Prior report
  • Trade balance 8 $-50.7 billion for June 
  • prior month revised to $54.8 billion from $54.6 billion previously reported
  • US goods a deficit -72.15B , services surplus US$21.46 billion
  • June exports +9.4% vs. May -4.3%
  • June imports +4.7% vs. May -0.7%
  • June exports $158.25 billion vs. May $144.69 billion
  • June imports $208.95 billion vs. May $199.49 billion
  • capital goods imports $49.79 billion vs. May imports of $47.54 billion
  • OPEC June trade surplus $0.29 billion vs. maize surplus of $0.49 billion
  • oil import price $27.74 vs. May $22.78
The flow funds from the trade is been volatile as a result of the Covid crisis. However the overall trend for 2019 and 2020 is for larger deficits despite the efforts to improve trade flows in the US.
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