Trade Deficit Widened by $23 Billion in May

Washington, DC, July 7, 2026—The goods and services deficit was $77.6 billion in May, up $23.0 billion from $54.6 billion in April, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

May exports were $317.7 billion, $10.5 billion less than April exports. May imports were $395.3 billion, $12.5 billion more than April imports.

The May increase in the goods and services deficit reflected an increase in the goods deficit of $23.6 billion to $106.5 billion and an increase in the services surplus of $0.6 billion to $28.9 billion.

Year-to-date, the goods and services deficit decreased $203.9 billion, or 40.6%, from the same period in 2025. Exports increased $164.7 billion or 11.7%. Imports decreased $39.2 billion or 2.1%.