In May, the goods and services deficits in the international trade of the United States increased by $2.2 billion to $71.2 million from $69.1 billion reported in April.
- The trade deficit had increased by 3.1% following a 1.3% increase in imports against a 0.6% rise in exports.
- The May exports grew by $1.3 billion from the exports reported in April to $206.0 billion attributable to an increase in consumer goods and foods and beverages as automotive vehicles and capital goods exports dropped.
- The imports of goods into the US economy increased by $2.7 billion to $234 billion in May attributable to an increase in imports of industrial supplies and materials, and increase in foods and beverages. Capital goods imports were reduced by $1.1 billion.
The United States had surpluses with South and Central America, Hong Kong, Brazil, United Kingdom, and Singapore. Deficits were recorded with China, European Union, Germany, Mexico, Taiwan, Canada, and Saudi Arabia.
DJI gains +0.063%
Source: The U.S. Census Bureau.