Home | News & Opinion | Trade gap narrows in May

Trade gap narrows in May

By
Font size: Decrease font Enlarge font
Trade gap narrows in May

Exports gains partially reverse disappointing April results.

The Department of Commerce announced today that the nation’s international trade deficit in goods and services decreased to $44.4 billion in May from $47.0 billion in April (revised), as exports increased and imports decreased.

Exports increased to $195.5 billion in May from $193.5 billion in April. Goods were $136.7 billion in May, up from $135.0 billion in April. Services were $58.8 billion in May, up from $58.5 billion in April.

Imports decreased to $239.8 billion in May from $240.5 billion in April. Goods were $200.0 billion in May, down from $200.7 billion in April. Services were $39.9 billion in May, up from $39.8 billion in April.

For goods, the deficit was $63.3 billion in May, down from $65.7 billion in April. For services, the surplus was $18.9 billion in May, up from $18.6 billion in April.

Share this:

For the full report, click here.

 

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha