U.S. Trade Deficit Narrows in May


U.S. May exports of $183.1 billion and imports of $231.8 billion resulted in a goods and services deficit of $48.7 billion, down from $50.6 billion in April, revised. May exports were $0.4 billion more than April exports of $182.7 billion. May imports were $1.6 billion less than April imports of $233.3 billion.

U.S. May exports of $183.1 billion and imports of $231.8 billion resulted in a goods and services deficit of $48.7 billion, down from $50.6 billion in April, revised. May exports were $0.4 billion more than April exports of $182.7 billion. May imports were $1.6 billion less than April imports of $233.3 billion.

The goods and services deficit increased $1.0 billion from May 2011 to May 2012. Exports were up $7.4 billion, or 4.2 percent, and imports were up $8.4 billion, or 3.8 percent.

The April to May increase in exports of goods reflected increases in foods, feeds, and beverages ($0.9 billion) and capital goods ($0.7 billion). Decreases occurred in industrial supplies and materials ($0.8 billion); consumer goods ($0.2 billion); and automotive vehicles, parts, and engines ($0.1 billion). Other goods were virtually unchanged.

The April to May decrease in imports of goods reflected decreases in industrial supplies and materials ($3.6 billion); consumer goods ($0.4 billion); and foods, feeds, and beverages ($0.1 billion). Increases occurred in capital goods ($1.4 billion); automotive vehicles, parts, and engines ($0.7 billion); and other goods ($0.3 billion).

The May 2011 to May 2012 increase in exports of goods reflected increases in capital goods ($2.6 billion); automotive vehicles, parts, and engines ($1.3 billion); foods, feeds, and beverages ($0.9 billion); industrial supplies and materials ($0.6 billion); and consumer goods ($0.5 billion). A decrease occurred in other goods ($0.1 billion).

The May 2011 to May 2012 increase in imports of goods reflected increases in automotive vehicles, parts, and engines ($5.6 billion); capital goods ($4.5 billion); other goods ($0.7 billion); consumer goods ($0.4 billion); and foods, feeds, and beverages ($0.1 billion). A decrease occurred in industrial supplies and materials ($4.6 billion).


TradingEconomics.com, U.S. Census Bureau
7/11/2012 5:10:19 PM