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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.
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.
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