• Prior month $-96.42 billion
  • Advance good trade balance for June $-85.99 billion versus $-98.2 billion estimate
  • export of goods for June came in at $178.2 billion or $-1.1 billion from the previous month
  • Imports of goods came in at $264.2 billion or -11.5 billion from the previous month

All the major components of goods declined. As tariffs start to take hold there may be less imports as the markets adjust to the higher prices and some goods are not competitive at the higher prices. Also, importers may have pre-built inventories ahead of the tariffs, and that is now slowing.

Meanwhile, all categories of exports increased with the exception of Industrial Supplies which tumbled by -8.65% or -$5.7B.

Looking at the Change by line items

Balance

  • Trade Balance:

    • Change: +10.44B (less negative)

    • % Change: -10.83% (deficit narrowed)

Exports

  • Total Exports:

    • Change: -1.1B

    • % Change: -0.61%

  • Foods, Feeds, & Beverages:

    • Change: +0.59B

    • % Change: +4.50%

  • Industrial Supplies:

    • Change: -5.7B

    • % Change: -8.65%

  • Capital Goods:

    • Change: +0.2B

    • % Change: +0.33%

  • Automotive Vehicles, etc.:

    • Change: +0.45B

    • % Change: +3.59%

  • Consumer Goods:

    • Change: +0.32B

    • % Change: +1.42%

  • Other Goods:

    • Change: +0.43B

    • % Change: +5.09%

Imports

  • Total Imports:

    • Change: -11.18B

    • % Change: -4.06%

  • Foods, Feeds, & Beverages:

    • Change: -0.52B

    • % Change: -2.82%

  • Industrial Supplies:

    • Change: -2.86B

    • % Change: -5.60%

  • Capital Goods:

    • Change: -0.57B

    • % Change: -0.98%

  • Automotive Vehicles, etc.:

    • Change: -0.71B

    • % Change: -1.93%

  • Consumer Goods:

    • Change: -1.17B

    • % Change: -3.11%

  • Other Goods:

    • Change: -0.22B

    • % Change: -1.73%

Source: Forex Live