The U.S. international trade deficit in goods and services narrowed to $60.2 billion in June 2025, down 16% from May’s revised $71.7 billion, according to the U.S. Census Bureau and the Bureau of Economic Analysis. Exports dipped 0.5% to $277.3 billion while imports fell 3.7% to $337.5 billion. The drop was driven by a sharp decline in goods imports, particularly consumer and pharmaceutical goods.
- June exports: $277.3B (−$1.3B from May); imports: $337.5B (−$12.8B)
- Goods deficit decreased $11.4B to $85.9B; services surplus rose $0.1B to $25.7B
- Goods imports fell $12.6B, with pharmaceutical goods down $9.6B and consumer goods down $8.4B
- Goods exports rose $1.2B, led by increases in capital and consumer goods
- Year-to-date deficit increased 38.3% to $161.5B versus 2024
Real goods deficit in 2017 dollars declined 9.3% to $84.6B in June
- Exports to China rose $3.1B; imports from China down $1.4B
- Exports to India fell $0.2B; imports from India down $6.7B
- Net balance with Switzerland flipped from $3.3B surplus to neutral
Relevant Companies
- PFE – Pfizer: Pharmaceutical import decline of $9.6B may impact international suppliers
- AAPL – Apple: Lower consumer electronics imports and exports could affect supply chain activity
- DE – Deere & Co: Capital goods export increase, including machinery, could benefit U.S. manufacturers
Editor’s Note: This is a developing story. This article may be updated as more details become available.
