The monthly U.S. trade deficit in goods and services edged up 0.7 percent in May as imports and exports both decreased. Further, China reclaimed its longstanding position as the trading partner with which the U.S. has the largest monthly trade deficit after the European Union briefly took the top spot in April.
Imports were down 0.4 percent, to $336.7 billion, from April to May. Imports of goods fell 0.7 percent to $269.7 billion, with decreases of $4.2 billion for pharmaceutical preparations and $1.5 billion for automotive vehicles, parts, and engines, along with increases of $1.0 billion for cell phones and other household goods and $1.0 billion for crude oil. Services imports grew 1.4 percent to $67.0 billion.
Exports slid 0.7 percent in April to $261.7 billion. Exports of goods fell 1.7 percent to $169.6 billion, with decreases of $500 million for non-monetary gold, $400 million for other petroleum products, and $400 million for fuel oil. Services exports rose 1.2 percent to $92.1 billion.
With exports and imports both down, the monthly U.S. trade deficit grew from $74.5 billion in April to $75.1 billion in May. The deficit in goods trade rose 0.9 percent to $100.2 billion while the services trade surplus rose 1.2 percent to $25.1 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$23.9 billion
|
+8.1
|
|
|
|
European Union
|
$19.3 billion
|
-14.2
|
|
|
|
Mexico
|
$14.1 billion
|
+10.2
|
|
|
|
Vietnam
|
$10.3 billion
|
+7.3
|
|
|
|
Germany
|
$7.3 billion
|
-5.2
|
|
|
|
Japan
|
$6.3 billion
|
+8.6
|
|
|
|
South Korea
|
$6.2 billion
|
+6.9
|
|
|
|
Ireland
|
$5.7 billion
|
-34.5
|
|
|
|
Taiwan
|
$5.3 billion
|
+1.9
|
|
|
|
Canada
|
$5.0 billion
|
0
|
|
|
|
Italy
|
$4.8 billion
|
+4.3
|
|
|
|
India
|
$3.8 billion
|
-5.0
|
|
|
|
Malaysia
|
$2.0 billion
|
-13.0
|
|
|
|
Switzerland
|
$1.7 billion
|
-10.5
|
|
|
|
France
|
$1.7 billion
|
+21.4
|
|
|
|
Israel
|
$0.6 billion
|
+20.0
|
|
|
|
Saudi Arabia
|
$0.1 billion
|
0
|
|
|
|
United Kingdom
|
<$0.1 billion
|
Shift from $1.3 billion surplus
|
|
|
|
Netherlands
|
|
|
$4.1 billion
|
-6.8
|
|
South/Central America
|
|
|
$3.5 billion
|
-23.9
|
|
Australia
|
|
|
$1.9 billion
|
+46.2
|
|
Hong Kong
|
|
|
$1.6 billion
|
+6.7
|
|
Singapore
|
|
|
$1.3 billion
|
+225.0
|
|
Brazil
|
|
|
$0.5 billion
|
-16.7
|
|
Belgium
|
|
|
$0.4 billion
|
+33.3
|
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