Information, deadlines and resource documents for U.S. tariff actions and the responses by the rest of the world.
Internationally recognized trade compliance training.
Subscribe to daily updates
The U.S. trade deficit in goods and services fell another 6.5 percent in May to $43.1 billion, its third straight monthly decline, according to trade statistics released by the Department of Commerce. Exports jumped 1.9 percent to a record $215.3 billion while imports rose 0.4 percent to $258.4 billion.
For the year to date, the total deficit is up 7.9 percent from 2017. Exports have risen 8.8 percent over the same period as a year earlier while imports have increased 8.6 percent.
The deficit in goods trade dropped 3.8 percent to $65.8 billion in May. Imports of goods were up 0.5 percent to $210.7 billion, including increases of $600 million in telecommunications equipment, $400 million in computers, and $300 million in civilian aircraft parts along with a $600 million decrease in pharmaceutical preparations. Exports of goods grew 2.6 percent to $144.9 billion, including increases of $2.0 billion in soybeans and $1.9 billion in civilian aircraft along with a $900 million decrease in other petroleum products.
The services surplus moved ahead 2.3 percent to $22.7 billion as imports slipped 0.2 percent to $47.7 billion and exports gained 0.6 percent to $70.4 billion.
Less than $0.1 billion
Change from $0.9 billion deficit