US Trade Balance Shrinks More Than Expected

surface transportation board handshake

Photo: STB

The U.S. trade balance shrank to $42.9 billion in June as exports increased and imports decreased.Economists polled by Bloomberg forecast the U.S. trade gap to shrink to $47.5 billion, from $48.7 billion a month earlier.

June exports of goods and services ($185.0 billion) and exports of goods ($132.8 billion) were the highest on record.

June exports of automotive vehicles, parts, and engines ($12.9 billion) were the highest on record.

Click here for updates >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at