Trade deficit widens 9.7% in May

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that
the goods and services deficit was $54.6 billion in May, up $4.8 billion from $49.8 billion in April, revised.

Exports, Imports, and Balance May exports were $144.5 billion, $6.6 billion less than April exports. May imports were $199.1 billion, $1.8 billion less than April imports.

The May increase in the goods and services deficit reflected an increase in the goods deficit of $4.2 billion to $76.1 billion and a decrease in the services surplus of $0.6 billion to $21.5 billion.

Year‐to‐date, the goods and services deficit decreased $22.3 billion, or 9.1 percent, from the same period in 2019. Exports decreased $148.3 billion or 14.0 percent. Imports decreased $170.6 billion or 13.1 percent.