June trade deficit $43.6B, down from May’s $46.4B

WASHINGTON – The U.S. international trade gap narrowed in June to $43.6 billion, smaller than the $44.1 billion gap expected. The May gap was revised slightly smaller to $46.4 billion from the previously reported $46.5 billion gap.

The balance of payments goods gap narrowed to $65.2b in June, while the census goods gap narrowed to $64.0b, slightly wider than the $63.9b gap in the advance estimate. The chained goods gap narrowed to $61.0b from $62.8b in May, putting the 2Q average at $62.5 billion vs $62.3 billion in 1Q.

There were smaller trade gaps with Canada, Mexico, the EU, and Japan in June, but a larger deficit with China.