U.S. Goods Imports Fell to $264 Billion in June 2025 After March Peak

U.S. goods imports fell to $264 billion in June 2025, down from a peak of $343 billion in March and $276 billion in April. Despite this decline, total imports for the first half of 2025 grew by 12.7% to $1.82 trillion from $1.61 trillion in the first half of 2024. Exports rose more modestly by 4.6%, from $1.03 trillion to $1.08 trillion, leading to a 27.1% surge in the trade deficit, which widened from $0.58 trillion to $0.73 trillion.