U.S. International Trade in Goods and Services Highlights

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August 18, 2000

Goods and Services Deficit Increases in June 2000

The Nation's international deficit in goods and services increased to $30.6 billion in June, from $30.3 billion (revised) in May, as imports increased more than exports.

Graph of International Trade Balances

Goods and Services

Exports increased to $90.6 billion from $86.6 billion in May. Goods were $66.5 billion in June, up from $62.7 billion in May, and services were $24.1 billion in June, up from $23.8 billion in May.
Imports increased to $121.2 billion from $116.9 billion in May. Goods were $103.3 billion in June, up from $99.2 billion in May, and services were $17.8 billion in June, up from $17.7 billion in May.
For goods, the deficit was $36.8 billion in June, up from $36.5 billion in May. For services, the surplus was $6.2 billion in June, up $0.1 billion from May.

Goods by Category

The largest increases in exports were in capital goods (primarily semiconductors and computer accessories); industrial supplies and materials; consumer goods; and automotive vehicles, parts, and engines.
The largest increases in imports were in industrial supplies and materials (primarily crude oil); automotive vehicles, parts, and engines; capital goods; and other goods.

Goods by Geographic Area (Not Seasonally Adjusted)

The goods deficit with Mexico decreased from $2.5 billion in May to $2.3 billion in June. Exports increased $0.7 billion (primarily electrical machinery and automobiles and automobile parts) to $9.6 billion, while imports increased $0.6 billion (primarily automobiles and automobile parts and computers and computer products) to $11.9 billion.
The goods deficit with China increased from $6.3 billion in May to $7.2 billion in June. Exports decreased $0.2 billion (primarily transport equipment) to $1.3 billion, while imports increased $0.7 billion (primarily toys, games, and sporting goods; apparel; and computers and computer products) to $8.6 billion.
The goods deficit with Western Europe decreased from $5.7 billion in May to $4.3 billion in June. Exports increased $0.6 billion (primarily pharmaceutical products, works of art, and nonmonetary gold) to $15.4 billion, while imports decreased $0.8 billion (primarily works of art and automobiles and automobile parts) to $19.7 billion.

This and more information is provided in the Bureau of the Census and Bureau of Economic Analysis press release:

U.S.International Trade in Goods and Services: June 2000 .

For further information on goods, contact Nick Orsini, Foreign Trade Division, Bureau of the Census, on (301) 457-2311; on services, contact Christopher Bach, Bureau of Economic Analysis, on (202) 606-9545.

The next release is September 20, 2000

Note: Total goods are reported on a balance of payments basis; commodityand country detail for goods are on a Census basis. Definitions are explained in the notes to the monthly press release.

Related sites:

U.S. Department of Commerce
- U.S. Census Bureau, Foreign Trade Division
- Bureau of Economic Analysis

Last modified: 18 August 2000