The U.S. goods and services trade deficit narrowed to $60.2 billion in June 2025, according to a joint announcement from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. This marks a decrease of $11.5 billion from May’s revised figure of $71.7 billion.
June exports totaled $277.3 billion, down by $1.3 billion from the previous month, while imports fell by $12.8 billion to reach $337.5 billion.
The reduction in the overall deficit was due to an $11.4 billion drop in the goods deficit, bringing it to $85.9 billion, and a slight increase in the services surplus, which rose by $0.1 billion to $25.7 billion.
Year-to-date figures show that the goods and services deficit increased by 38.3 percent, or $161.5 billion, compared with the same period in 2024; exports grew by 5.2 percent ($82.2 billion), while imports rose by 12.1 percent ($243.7 billion).
Looking at three-month moving averages ending in June, the average deficit dropped by $26.0 billion to $64.0 billion compared with earlier months this year.
Average exports for this period decreased slightly to $282.2 billion, while average imports declined more significantly to $346.2 billion.
Compared with the same three-month period ending June 2024, the average deficit decreased by $9.8 billion; during that time frame, average exports were up by $15.6 billion and imports increased by $5.8 billion.
Exports of goods for June fell by $1.2 billion to total $179.1 billion, with industrial supplies and materials down by $4.8 billion—driven mainly by declines in finished metal shapes ($4.6B) and nonmonetary gold ($2B). Capital goods saw an increase of $2B; within this category, excavating machinery was up by $1.6B and civilian aircraft rose by $0.8B, though computer accessories dropped by $1.2B.
Consumer goods exports increased overall ($1B), led primarily by pharmaceutical preparations (up $1.6B). Exports of services declined slightly—by about $0.2B—to reach a total of $98.2B for June; travel service exports also fell modestly.
On the import side, goods dropped sharply—down by nearly half as much as last month—to stand at a total value of $265B for June; consumer goods accounted for most of this decline (down by about half), including a significant reduction in pharmaceutical preparations (down almost entirely). Imports of industrial supplies and materials were lower as well (down nearly one-third), with crude oil declining alongside nuclear fuel materials; however, other petroleum products posted a slight increase.
Automotive vehicles, parts, and engines imports also decreased (down over one-tenth), mainly due to fewer passenger car imports (off slightly more than one-tenth). Imports of services dipped marginally—by around two-tenths—to reach approximately three-quarters their previous value; travel and transport service imports both registered small decreases while other business services edged higher.
In real terms using 2017 dollars on a Census basis, the real goods deficit narrowed substantially—by over nine percent—to hit just under its nominal counterpart at midyear; real exports slipped slightly but less than nominal values did, while real imports contracted somewhat less than their nominal equivalents.
May’s export data was revised upward modestly for goods but downward for services; import revisions saw minor downward adjustments across both categories.
Among major trading partners on a monthly Census basis: The U.S recorded surpluses with countries such as Netherlands ($6 .2 B), South/Central America ($4 .4 B), United Kingdom ($2 .2 B), Australia ($1 .6 B), Hong Kong ($1 .6 B), Brazil ($1 .3 B), Saudi Arabia ($0 .3 B), Singapore ($0 .2 B) ,and Belgium($0 .1 B).
Deficits were observed with Mexico($16 .3 B) ,Vietnam($16 .2 B) ,Taiwan($12 .9 B) ,European Union($9 .5 B) ,China($9 .4 B) ,Japan($5 .7 B) ,South Korea($5 .5 B) ,Ireland($5 .3 B) ,India($5 .3 B) ,Germany($4 .0 B) ,Malaysia($3 .1 B) ,Italy($1 .6 B ),Canada($1 .3B ),France( $.7B ),Israel($.1B ),and Switzerland(less than $.1B ).
Notably,the deficit with Ireland shrank significantly as both exports and especially imports declined.The gap with China narrowed after U.S.exports there increased while Chinese imports dropped.The balance with Switzerland shifted from surplus into near balance,due mostly to falling U.S.exports paired with rising Swiss shipments.For additional data tables,revisions,and explanatory notes see www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services .