- BIST10011,722-2.89%
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- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
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- October 17, 202612°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,579+0.09%
- October 17, 202612°
US trade deficit drops 5.6% to $73.3 billion in June
US Commerce Department data showed the country's trade deficit fell to $73.3 billion in June. The 5.6% monthly decline, driven by decreases in both exports and imports, came in slightly above market expectations.
Data released by the US Commerce Department for June showed a decline in the country's trade deficit. The deficit fell 5.6% from a revised level of $77.6 billion in May to $73.3 billion in June. Market expectations had been for a deficit of around $73 billion.
In June, US exports fell 0.9% from the previous month to $314.7 billion, while imports dropped 1.8% to $388 billion.
Countries with largest US trade deficits
The country with which the US had the largest trade deficit was Vietnam at $21.6 billion. Vietnam was followed by Mexico ($20.3 billion), China ($15.3 billion), and Taiwan ($14.9 billion).
Other significant deficit countries and amounts are listed as follows:
- European Union: $10.9 billion
- South Korea: $7.4 billion
- Canada: $7.2 billion
- Germany: $7.1 billion
- India: $4.5 billion
- Malaysia: $4.4 billion
- Japan: $3.3 billion
- Ireland: $2.7 billion
- Italy: $2.5 billion
- France: $1.5 billion
- Israel: $1.2 billion
US trade surpluses by country
Among countries with which the US recorded a trade surplus, the Netherlands topped the list at $7.2 billion. It was followed by South and Central America ($5.6 billion) and Hong Kong ($3.2 billion).
Other surplus countries were as follows:
- Switzerland: $2.9 billion
- United Kingdom: $2.2 billion
- Singapore: $1.8 billion
- Saudi Arabia: $1.8 billion
- Brazil: $1.7 billion
- Australia: $1.3 billion
- Belgium: $900 million
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