In June, the US trade deficit fell from $45 billion to $34,22 billion. This was announced by the Department of Commerce which underlines how the trade deficit is at its lowest since autumn 2009. Analysts were expecting a drop to 43,5 billion.
Exports recorded the largest increase since September 2012 (+2,2% for a share of 191,17 billion dollars), thus reaching their highest level ever. In particular, exports to China in the first half grew by 4,2% compared to the same period of 2012, while those to the European Union recorded a -5,5% (-15,3% exports to Great Britain). Imports fell by 2,5% to $225,40 billion, a sign that demand in the US remains shaky. Oil imports are also down, to their lowest since November 2010.
Lastly, the decrease in the deficit with China should be noted, which in June stood at 26,26 billion dollars.
