The foreign trade deficit of goods and services in the United States fell by 4.1% in June compared to May and was 65.500 million dollarsaccording to data published this Tuesday by the country’s Bureau of Economic Statistics (BEA).
That month, exports totaled 247,500 dollars0.1% less than in May, while there were imports worth 313,000 million, 1% less.
Within exports, those of industrial components, oil and natural gas, consumer goods or pharmaceutical products fell, while those of industrial machinery or telecommunications or capital goods increased.
It might interest you: The SAT collects 297,331 million pesos more between January and July 2023
As regards imports, those of capital goods, computers, industrial components and materials, or oil fell, and those of automobile components, consumer goods, and pharmaceutical compounds rose.
Regarding the commercial relationship by country, the largest deficit is that of the United States with China, which rises to 22.8 billion, followed by the EU (18,200) and Mexico (12,900).
The United States has its largest trade surplus with the Netherlands (4.6 billion) and South and Central America unit (4.3 billion) according to data from this statistic.
The publication of the foreign trade balance data comes after other statistics that more clearly show the good pace of the US economy.
In the second quarter, the world’s leading economy registered growth of 0.6% compared to the previous quarter, according to the first calculation of the country’s gross domestic product (GDP) published at the end of July by the Office of Economic Statistics.
One day before that GDP data was released, the Federal Reserve announced a new quarter-point rise in interest rates after the June break, placing the range between 5.25% and 5.5%, its highest level since 2001.
The Fed raised rates again because it understood that inflation, despite continuing to fall, is still high, especially core inflation, which is the one that does not include food or energy.
In June, the inflation rate fell to 3%, although core inflation, which the Fed looks the most at, was still at a high rate of 4.8%.
The last:
EFE International news agency based in Madrid and present in more than 110 countries.