The value of U.S. agricultural exports fell in June compared with May, but it was enough to bring back a trade surplus as the value of U.S. ag imports fell by nearly $1 billion.
U.S. ag exports were valued at $10.79 billion in June, down from $11.40 billion in May. That was the smallest value for U.S. ag exports registered so far in Fiscal Year (FY) 2019 and the first month so far in FY 2019 that U.S. ag exports have not been $11 billion or more.
U.S. ag imports were valued at $10.61 billion, down from $11.65 billion in May. This fits with historical patterns where the value of imports often has declined from May to June.
The result of the shifts brought back a trade surplus for U.S. agriculture of $176 million after two straight months of trade deficits, including the record mark of $865 million in April. It also marked seven straight months where the difference between U.S. ag exports and imports has been at a deficit or has been less than $1 billion.
Welcome
