The U.S. trade deficit narrowed to $73.3 billion in June, a 5.6% decrease from the prior month, according to data released Tuesday by the Commerce Department’s Bureau of Economic Analysis and Census Bureau. The contraction came as both exports and imports slipped during the month.
Monthly flows
Exports decreased 0.9% to $314.7 billion in June, while imports dropped 1.8% to $388.0 billion. The decline in goods trade accounted for much of the movement in both directions.
Goods exports and key components
- Goods exports fell 1.9% to $206.9 billion.
- A $3.3 billion reduction in industrial supplies and materials, including petroleum products, was a major contributor to the drop.
- Crude oil exports declined by $5.7 billion; average crude prices eased to $95.82 per barrel in June from $107.82 in May.
- Fuel oil exports fell $1.6 billion.
- Nonmonetary gold exports increased by $3.4 billion.
- Capital goods exports slipped by $0.6 billion, with computer shipments down $1.1 billion.
Goods imports and notable moves
- Goods imports fell 2.5% to $309.0 billion.
- Capital goods imports declined by $2.1 billion; computer imports contributed a $3.0 billion decrease.
- Despite the monthly drop, computer imports remain $95.4 billion higher year-to-date compared with the same period in 2025.
- Telecommunications equipment imports rose by $1.1 billion in June.
Economic impact note
The government estimated last week that the trade gap subtracted one percentage point from gross domestic product growth in the second quarter. That estimate reflects the trade deficit's drag on overall quarterly growth.
The monthly figures show a pattern of reduced cross-border flows for both exports and imports in June, with energy-related exports and several categories of capital goods moving significantly. The data were compiled and released by the Commerce Department’s Bureau of Economic Analysis and Census Bureau.