Trade Deficit Widened by $3.8 Billion in May

Washington, DC, July 6, 2016—The goods and services deficit was $41.1 billion in May, up $3.8 billion from $37.4 billion in April, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced through the Department of Commerce.

May exports were $182.4 billion, $0.3 billion less than April exports. May imports were $223.5 billion, $3.4 billion more than April imports.

The May increase in the goods and services deficit reflected an increase in the goods deficit of $3.7 billion to $62.2 billion and a decrease in the services surplus of $0.1 billion to $21.1 billion.

Year-to-date, the goods and services deficit decreased $7.2 billion, or 3.5%, from the same period in 2015. Exports decreased $47.2 billion or 4.9%. Imports decreased $54.3 billion or 4.7%.