Trade Deficit Widens to $45 Billion for May

Before you go, we thought you'd like these...
Before you go close icon

The U.S. international trade deficit widened again in May, according to a Commerce Department report (link opens as PDF) released today.

After worsening to a revised $40.1 billion for April, analysts had expected a slight slump to $40.8 billion. Their predictions proved overly optimistic, as the deficit (exports minus imports) widened to $45.0 billion for May.


In a trade deficit double-whammy, exports fell $0.5 billion from April's $187.6 billion, while imports increased $4.4 billion to $232.1 billion.

Trade deficits prove quite different across sectors. While the services sector added another $0.2 billion for a $18.4 billion surplus, the goods deficit worsened $5.0 billion to $63.4 billion. The biggest goods losses came from major import increases in industrial supplies ($1.0 billion), consumer goods ($1.0 billion), and automotive vehicles and parts ($0.8 billion).

Compared to May 2012, overall exports are up 1.5%, more than enough to offset a 0.7% import increase .

The article Trade Deficit Widens to $45 Billion for May originally appeared on

Y ou can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading