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U.S. Trade Deficit Balloons
Surging imports and a rare decline in exports spiked the U.S. trade deficit to its highest level in more than a year. The goods and services deficit jumped to $77.6 billion in May, a tad less than expected, from a downwardly revised $54.6 billion in April. Despite tariffs, the trade deficit has returned to levels of late 2024, before importers began front-loading purchases, suggesting little overall progress in shrinking the trade gap. Front-loading ahead of potential Section 301 duties may have contributed to a 3.3% leap in imports in May. For a change, the increase wasn't led by surging purchases of computer ... (full story)
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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $77.6 billion in May, up $23.0 billion from $54.6 billion in April, revised. 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 May 2026, the trade balance deteriorated by €1.5 billion to -€6.9 billion, following the improvement observed in April (+€1.0 billion). This change is explained by a decrease in exports (-€1.1 billion) combined with a more moderate increase in imports (+€0.4 billion). The decline in exports in May 2026 was mainly due to a drop in military equipment sales ...
In May, Canada's merchandise exports increased 0.9%, while imports edged down 0.2%. As a result, Canada's merchandise trade surplus with the world widened from $3.4 billion in April to $4.2 billion in May. This was the third consecutive month with a trade surplus for Canada. Total exports were up 0.9% in May to a record $77.1 billion. This represented a ...
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- Jul 7, 8:50am | 2 hr 50 min ago Posted byFundamental Analysis1,392
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