Trade Deficit Increases on Lower Volume

Washington, DC, July 7, 2015—The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, have announced that the goods and services deficit was $41.9 billion in May, up $1.2 billion from $40.7 billion in April, revised.

May exports were $188.6 billion, $1.5 billion less than April exports. May imports were $230.5 billion, $0.3 billion less than April imports.

The May increase in the goods and services deficit reflected an increase in the goods deficit of $1.2 billion to $61.5 billion and an increase in the services surplus of less than $0.1 billion to $19.6 billion.

Year-to-date, the goods and services deficit increased $1.1 billion, or 0.5%, from the same period in 2014. Exports decreased $26.5 billion or 2.7%. Imports decreased $25.4 billion or 2.2%.