US Goods and Services Trade Deficit Falls to 73.3 Billion in June
The Census Bureau and Bureau of Economic Analysis said the U.S. goods and services deficit fell to $73.3 billion in June from a revised $77.6 billion in May. Imports dropped more than exports, and the year-to-date deficit is down sharply from 2025.
The U.S. goods and services trade deficit narrowed in June, the Census Bureau and the Bureau of Economic Analysis reported on August 4, 2026.
The deficit was $73.3 billion, down $4.4 billion from a revised $77.6 billion in May. Exports were $314.7 billion, off $2.9 billion from May. Imports were $388.0 billion, down $7.3 billion. Imports fell more than exports, which shrank the gap.
The goods deficit alone fell $3.9 billion to $102.1 billion. The services surplus rose $0.5 billion to $28.8 billion. On the export side, goods dropped $4.0 billion to $206.9 billion, with industrial supplies and materials down $3.3 billion, including a large decline in crude oil. Services exports rose $1.1 billion to $107.8 billion, lifted by financial services and travel.
Goods imports fell $7.9 billion to $309.0 billion. Capital goods and consumer goods each fell $2.1 billion, with computers and pharmaceutical preparations among the softer lines. Services imports rose $0.6 billion to $79.0 billion.
Year to date, the goods and services deficit is $189.3 billion lower than the same period in 2025, a 33.8 percent drop. Exports are up $198.3 billion, or 11.7 percent. Imports are up $9.0 billion, or 0.4 percent.
By country on a Census goods basis, June still showed large deficits with Vietnam, Mexico, China, and Taiwan. The balance with Switzerland shifted from a May deficit to a June surplus. The next release is scheduled for September 3, 2026, covering July trade.
Go Deeper
What is a trade deficit?
It means the United States bought more goods and services from other countries than it sold to them in that month. It is one measure of international flows, not a full scorecard of national strength.
Why did the June deficit shrink?
Imports fell more than exports. Goods imports dropped about $7.9 billion while goods exports fell about $4.0 billion.
How does the year compare with 2025?
Through June, the goods and services deficit is down $189.3 billion, or 33.8 percent, from the same stretch of 2025. Exports are up much more than imports.
Did services help?
Yes. The services surplus rose to $28.8 billion in June as financial services and travel exports increased.
When is the next report?
BEA and Census plan the July 2026 trade release for September 3, 2026.
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