U.S. June 2026 trade deficit narrows to $73.3 billion as imports fall
Imports posted their first monthly decline since January, led by lower capital goods and pharmaceutical purchases, while weaker crude oil and fuel exports pushed total exports to a four-month low and services trade limited the gap.
The U.S. trade deficit narrowed to $73.3 billion in June 2026 from $77.6 billion in May as imports fell $7.3 billion, or 1.8%, to $388.0 billion, their first monthly decline since January, while exports fell $2.9 billion to a four-month low of $314.7 billion. Goods imports dropped $7.9 billion to $309.0 billion on weaker capital goods and pharmaceutical purchases, while goods exports fell $4.0 billion to $206.9 billion, led by lower crude oil and fuel oil shipments. Services exports rose to $107.8 billion and services imports edged up to $79.0 billion, helping keep the overall deficit well below the advance June goods trade gap of $101.5 billion. In the first half of 2026, the cumulative trade deficit narrowed to $371.2 billion from $560.5 billion a year earlier.