U.S. Posts Slightly Lower Trade Deficit

Aug. 10, 2006
In part as a result of a $2.5 billion increase in goods exports, the U.S. trade deficit with the rest of the world fell slightly to $64.8 billion in June, $200 million less than May's revised deficit of $65 billion, the U.S. Commerce Department reported ...

In part as a result of a $2.5 billion increase in goods exports, the U.S. trade deficit with the rest of the world fell slightly to $64.8 billion in June, $200 million less than May's revised deficit of $65 billion, the U.S. Commerce Department reported on August 10.

In June, the U.S. exported $120.7 billion worth of goods and services, a figure that was more than offset by imports valued at $185.5 billion.

Among exports, such manufactured items as capital goods, industrial supplies and materials, automotive goods and consumer goods posted month-to-month increases of at least $200 million.

Again, the U.S. ran its largest single-country trade deficit with China. The deficit was $19.7 billion in June, up $2 billion from 17.7 billion in May. For the first six months of 2006, the U.S. ran a $101.8 billion trade deficit with China.

For the first six months of this year, the U.S. ran a goods and services trade deficit of $383.9 billion with the rest of the world, $43.7 billion larger than the $340.2 billion deficit with the rest of the world for the first half of 2005.

Popular Sponsored Recommendations

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

Your Industry 4.0 Journey

Sept. 24, 2023
When It Comes to Industry 4.0, the Journey is the Destination. Industry 4.0 must be embraced as a long-term, strategic mindset of digital transformation that dynamically alters...

Smarter Savings for Manufacturers - Guide

Sept. 11, 2023
Boost your manufacturing sales and revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!