US Exports Fall 3.2% in May
2026-07-07 12:35
By
Agna Gabriel
1 min. read
US exports declined 3.2% or $10.5 billion to $317.7 billion in May 2026, retreating from the record high of $328.2 billion achieved in April.
The contraction was heavily concentrated in the goods sector, which dropped $11.3 billion to $210.6 billion.
Key drag factors included industrial supplies and materials, which fell $5.5 billion, led by a $6.2 billion plunge in nonmonetary gold, a $1.3 billion drop in other precious metals, and a $1.1 billion decline in natural gas.
Conversely, outbound crude oil shipments expanded by $2.0 billion.
Capital goods shipments shrank by $3.5 billion, heavily weighed down by a combined $4.1 billion decrease in computers and accessories, while consumer goods slipped $2.1 billion.
Providing a minor offset to the goods downturn, US services exports edged up $0.8 billion to $107.1 billion, buoyed by a $0.4 billion increase in international travel alongside fractional gains in transport, finance, and business services.