Trade Deficit Widened by $1.3 Billion in May

Washington, DC, July 2, 2021–The international trade deficit in goods and services increased to $71.2 billion in May from $69.1 billion in April, as imports increased than exports, according to the U.S. Census Bureau.

Exports of goods for May were $206.0 billion, $1.3 billion more than April exports. Imports of goods for May were $277.3 billion, $3.5 billion more than April imports.

The May increase in the goods and services deficit reflected an increase in the goods deficit of $2.3 billion to $89.2 billion and an increase in the services surplus of $0.1 billion to $17.9 billion.

Year-to-date, the goods and services deficit increased $110.9 billion, or 45.8%, from the same period in 2020. Exports increased $101.6 billion or 11.4%. Imports increased $212.5 billion or 18.7%.