Net Exports Decline, Trade Deficit Rises: Exports +3.0%, Imports +3.7%
Advance International Trade in Goods
- The international trade deficit was $74.5 billion in May, up $3.6 billion from $70.9 billion in April.
- Exports of goods for May were $140.2 billion, $4.1 billion more than April exports.
- Imports of goods for May were $214.7 billion, $7.8 billion more than April imports.
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This is a small negative for US GDP estimates.
Mike "Mish" Shedlock