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Statement from U.S. Commerce Department on U.S. International Trade in Goods and Services in June 2011

Washington, DC–(ENEWSPF)–August 11, 2011.  Acting U.S. Commerce Secretary Rebecca Blank issued the following statement today on the release of the June 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis.  Today’s report showed that U.S. exports of goods and services in June 2011 decreased 2.3 percent from May 2011 to $170.9 billion.  The monthly export value for U.S. consumer goods ($15.0 billion) was the highest on record.  U.S. imports of goods and services decreased 0.8 percent over this period to $223.9 billion, causing the U.S. trade deficit to increase 4.4 percent since May 2011 to reach $53.1 billion in June 2011

U.S. goods and services exports in the first half of 2011 are up 15.8 percent to $1,027.9 billion from the $887.6 billion in exports in first half of 2010.

“Exports remain a driving force in our economy. Although numbers in June were lower than we’d hoped, exports have grown at a steady pace for the first half of this year, posting 15.8 percent growth over last year. We are on pace to meet the President’s National Export Initiative of doubling exports by 2015. While we are at a fragile time in the world economy, the Administration will continue to innovate to help our businesses compete globally, stabilize the economy, strengthen the middle class and accelerate hiring in communities and towns across the nation.”

Fact sheet (PDF)

Source: commerce.gov

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