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U.S. worldwide trade deficit diminishes in June

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis revealed today that the items and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, modified.

The June decline in the items and services deficit showed a reduction in the items deficit of $4.9 billion to $99.5 billion and a boost in the services surplus of $0.3 billion to $19.9 billion.

June exports were $260.8 billion, $4.3 billion more than May exports. June imports were $340.4 billion, $1.0 billion less than May imports.

The typical items and services deficit reduced $9.3 billion to $93.7 billion for the 3 months ending in June. Year-over-year, the typical items and services deficit increased $15.8 billion from the 3 months ending in June 2021.

Read the Census/BEA release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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