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Tuesday, July 7, 2015

U.S. Foreign Trade Deficit Expanded in May

The U.S. international trade deficit widened in May to $41.9 billion, up $1.2 billion from April. The increase reflects a $1.5 billion decrease in exports and $0.3 billion decrease in imports.


The goods deficit grew $1.2 billion to $61.5 billion. The surplus in services grew less than $0.1 billion to $19.6 billion.

Exports of goods decreased $1.6 billion to $127.7 billion, driven by a $2.4 billion decrease in capital goods, offset partially by increases in fuel oil and petroleum exports. Exports of services increased $0.1 billion to $60.9 billion.

Imports of goods decreased $0.4 billion to $189.2 billion, driven by a decrease in imports of capital goods and industrial supplies. Imports of services increased $0.1 billion to $41.2 billion.

Read the Census Bureau release.

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