June Trade Deficit $27B, Up From $26B in May

WASHINGTON — The U.S. trade deficit in June was again in the moderated range of the last several months, at $27 billion — up from $26 billion in May — not even half of its peak less than a year ago, the Commerce Department reported Wednesday.

Imports rose compared to May to $152.8 billion, but are still running way behind a year earlier, a symptom of the severe compression of trade flows since the financial crisis began.

Exports also rose somewhat compared to May, to $125.8 billion, but January’s had been higher, at $126.4 billion.

Without counting oil, the overall deficit in goods and services was just $20 billion, the lowest since January 1999. Measured in 2005 chain-weighted dollars and seasonally adjusted, the real dollar deficit was the lowest since December 1999.

— Market News International

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