Prior month $-96.42 billionAdvance good trade balance for June $-85.99 billion versus $-98.2 billion estimateexport of goods for June came in at $178.2 billion or $-1.1 billion from the previous monthImports 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%
This article was written by Greg Michalowski at investinglive.com.