The US trade deficit narrowed to $60.2 billion in June 2025, the lowest since September 2023, compared to a revised $71.7 billion gap in May and forecasts of a $61.6 billion shortfall.
Imports declined 3.7% to $337.5 billion, the lowest since March 2024 led by pharmaceutical preparations, passenger cars, crude oil and nuclear fuel materials.
Exports went down 0.5% to $277.3 billion, the lowest since January, mainly due to finished metal shapes, nonmonetary gold and computer accessories.
The largest trade deficit was with Mexico, though it narrowed slightly to $16.3 billion from $17.1 billion.
The deficit with China declined to $9.4 billion and the gap with the EU shrank significantly to $9.5 billion from $22.5 billion.
On the other hand, trade deficits widened with Vietnam ($16.2 billion vs. $15 billion), Taiwan ($12.9 billion vs. $11.5 billion), and India ($5.3 billion vs. $5.1 billion).
The trade balance with Switzerland switched to slight deficit of less than $0.1 billion.
source: Bureau of Economic Analysis (BEA)
