US Markets

U.S. goods trade deficit narrows as exports rebound

Credit: REUTERS/LUCY NICHOLSON

The United States' trade deficit in goods fell sharply in June amid a rebound in exports after several month of decline when the COVID-19 pandemic disrupted the flow of goods.

WASHINGTON, July 29 (Reuters) - The United States' trade deficit in goods fell sharply in June amid a rebound in exports after several month of decline when the COVID-19 pandemic disrupted the flow of goods.

The Commerce Department said on Wednesday the goods trade gap dropped 6.1% to $70.6 billion last month. Exports of goods accelerated 13.9% to $102.3 billion, offsetting a 4.8% increase in goods imports to $173.2 billion.

(Reporting by Lucia Mutikani Editing by Gareth Jones)

((Lucia.Mutikani@thomsonreuters.com; 1 202 898 8315; Reuters Messaging: lucia.mutikani.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More