The U.S. Commerce Department reported on Thursday that the U.S. goods and services trade deficit widened to $75.7 billion in June from a revised $71.0 billion in the previous month (originally a gap of $71.2 billion).

Economists had expected a deficit of $73.9 billion.

According to the report, the June advance in the goods and services reflected a gain in the goods deficit of $4.0 billion to $93.2 billion and a decline in the services surplus of $0.7 billion to $17.4 billion.

In June, exports of goods and services from the U.S. rose 0.6 percent m-o-m to $207.7 billion, while imports climbed 2.1 percent m-o-m to $283.4 billion, as the global COVID-19 pandemic and the economic recovery continued to impact international trade.

Year-to-date, the goods and services deficit surged 46.4 percent from the same period in 2020. Exports jumped 14.3 percent, while imports soared 21.3 percent.