June exports were $213.8 billion, $1.5 billion less than May exports. June imports were $260.2 billion, $1.6 billion more than May imports.
The June increase in the goods and services deficit reflected an increase in the goods deficit
of $3.1 billion to $68.8 billion and a decrease in the services surplus of less than $0.1 billion to $22.5 billion.
Year-to-date, the goods and services deficit increased $19.6 billion, or 7.2 percent, from the same period in 2017. Exports increased $103.6 billion or 9.0 percent. Imports increased $123.2
billion or 8.6 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit decreased $0.3 billion to $45.2 billion for the three months ending in June.
* Average exports increased $1.0 billion to $213.5 billion in June.
* Average imports increased $0.8 billion to $258.7 billion in June.
Year-over-year, the average goods and services deficit decreased $0.4 billion from the three months ending in June 2017.
* Average exports increased $20.2 billion from June 2017.
* Average imports increased $19.9 billion from June 2017.
Exports (exhibits 3, 6, and 7)
Exports of goods decreased $1.7 billion to $143.2 billion in June.
Exports of goods on a Census basis decreased $1.7 billion.
* Consumer goods decreased $1.4 billion.
o Pharmaceutical preparations decreased $0.6 billion.
o Jewelry decreased $0.4 billion.
* Capital goods decreased $0.9 billion.
o Civilian aircraft engines decreased $0.4 billion.
o Civilian aircraft decreased $0.2 billion.
* Automotive vehicles, parts, and engines decreased $0.7 billion.
o Passenger cars decreased $0.9 billion.
* Industrial supplies and materials increased $2.0 billion.
o Other petroleum products increased $0.5 billion.
o Nonmonetary gold increased $0.5 billion.
o Fuel oil increased $0.5 billion.
Net balance of payments adjustments increased less than $0.1 billion.
Exports of services increased $0.2 billion to $70.6 billion in June.
* Financial services increased $0.1 billion.
Imports (exhibits 4, 6, and 8)
Imports of goods increased $1.4 billion to $212.0 billion in June.
Imports of goods on a Census basis increased $1.5 billion.
* Consumer goods increased $2.0 billion.
o Pharmaceutical preparations increased $1.5 billion.
* Industrial supplies and materials increased $0.9 billion.
o Crude oil increased $1.2 billion.
* Capital goods decreased $1.5 billion.
o Computers decreased $0.8 billion.
o Telecommunications equipment decreased $0.5 billion.
Net balance of payments adjustments decreased $0.1 billion.
Imports of services increased $0.2 billion to $48.1 billion in June.
* Charges for the use of intellectual property increased $0.3 billion. The increase reflects
payments for the rights to broadcast the portion of the 2018 soccer World Cup that occurred
in June.
Real Goods in 2012 Dollars – Census Basis (exhibit 11)
The real goods deficit increased $3.8 billion to $79.3 billion in June.
* Real exports of goods decreased $2.1 billion to $151.1 billion.
* Real imports of goods increased $1.7 billion to $230.4 billion.
Revisions
Revisions to May exports
* Exports of goods were revised up less than $0.1 billion.
* Exports of services were revised down less than $0.1 billion.
Revisions to May imports
* Imports of goods were revised down less than $0.1 billion.
* Imports of services were revised up $0.2 billion.
Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)
The June figures show surpluses, in billions of dollars, with South and Central America ($3.3),
Hong Kong ($2.5), Brazil ($0.8), United Kingdom ($0.4), and Singapore (less than $0.1). Deficits
were recorded, in billions of dollars, with China ($32.5), European Union ($12.8), Mexico ($6.7),
Germany ($5.7), Japan ($5.6), Canada ($2.6), Italy ($2.2), OPEC ($1.8), India ($1.7), Taiwan ($1.4),
South Korea ($1.3), Saudi Arabia ($0.8), and France ($0.7).
* The deficit with members of OPEC increased $1.6 billion to $1.8 billion in June. Exports
decreased $0.8 billion to $5.0 billion and imports increased $0.7 billion to $6.7 billion.
* The deficit with the European Union increased $0.9 billion to $12.8 billion in June. Exports
decreased $0.3 billion to $27.2 billion and imports increased $0.6 billion to $40.0 billion.
* The deficit with Japan decreased $0.4 billion to $5.6 billion in June. Exports decreased
$0.2 billion to $6.1 billion and imports decreased $0.7 billion to $11.7 billion.
