Exports of both crude oil and natural gas fell; imports of energy products increased
Source: Census Bureau
The U.S. international trade deficit in goods and services increased to $43.8 billion in June from $40.9 billion in May, according to the U.S. Census Bureau. Exports decreased to $188.6 billion in June from $188.7 billion in May. Goods were $127.6 billion in June, down from $127.8 billion the month before. Services were $61.0 billion in June, up from $60.9 billion in May.
Exports of both crude oil and natural gas fell in terms of dollars made from exporting those goods from May to June, according to the Census Bureau. In June, crude exports totaled $687 million, down from $869 million in May. Sales from natural gas exports fell to $366 million in June, down 16% from $435 million in May.
Imports of energy-related petroleum products, including crude oil, continued to increase month-over-month. In June, energy imports totaled 287.1 MBOE, 223.4 MBO of which were crude oil. Of those barrels, 85.7 MBO came from Canada, with another 84.0 MBO coming from OPEC. Energy imports in May were 265.1 MBOE.
Imports increased to $232.4 billion in June from $229.7 billion in May. Goods were $191.1 billion in June, up from $188.4 billion in May. Services were $41.4 billion in June, up from $41.2 billion in May. For goods, the deficit was $63.5 billion in June, up from $60.6 billion in May. For services, the surplus was $19.7 billion in June, a decrease of less than $0.1 billion from May.
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