International · August 5, 2026 · 2 min read

U.S. Trade Deficit Narrowed to $73.3 Billion in June

Published August 5, 2026 • Updated August 21, 2026

The June goods-and-services deficit fell as imports declined more than exports, according to the joint Census Bureau and BEA release.

CONFIRMED FACTS The U.S. Census Bureau and Bureau of Economic Analysis reported that the seasonally adjusted goods-and-services deficit was $73.3 billion in June 2026, down $4.4 billion from a revised $77.6 billion in May. The release measures trade in dollars and is not adjusted for price changes. June exports were $314.7 billion, down $2.9 billion from May, while imports were $388.0 billion, down $7.3 billion. The release says the deficit narrowed because the goods deficit fell $3.9 billion to $102.1 billion and the services surplus rose $0.5 billion to $28.8 billion. Goods exports declined $4.0 billion; services exports rose $1.1 billion. Goods imports fell $7.9 billion, while services imports rose $0.6 billion. The agencies also revised May: goods exports were revised up $0.3 billion, services exports down $0.4 billion, goods imports down $0.2 billion, and services imports up $0.2 billion. ANALYSIS Because imports fell more than exports in June, the smaller monthly deficit reflects both sides of trade rather than an export-only improvement. The release’s nominal, seasonally adjusted totals are useful for tracking the monthly balance, but they are not a direct measure of inflation-adjusted output or household wellbeing. UNKNOWNS AND LIMITS The release does not establish a durable trade trend or forecast future deficits. Monthly trade estimates can be revised, and the agencies note that the data are subject to nonsampling errors, including reporting, timing, and data-capture errors. The figures are on a balance-of-payments basis unless otherwise specified. UPDATE LOG Prepared and reviewed August 5, 2026. Primary release published August 4, 2026 at 8:30 a.m. EDT; accessed August 5, 2026 at 23:17 UTC. No prior Data Brief covering this June 2026 trade release was found in the published inventory.

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Sources

Bureau of Economic Analysis and U.S. Census Bureau — U.S. International Trade in Goods and Services, June 2026 — Joint primary release, published August 4, 2026 at 8:30 a.m. EDT; accessed August 5, 2026 at 23:17 UTC. Supports the seasonally adjusted balance-of-payments figures, revisions, definitions, and limitations.
U.S. Census Bureau — Current U.S. International Trade in Goods and Services (FT900) — Primary table and report landing page, accessed August 5, 2026 at 23:19 UTC.

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