Source: Sharecast
The goods and services deficit increased to $77.6bn, up from a revised $54.6bn in April, as exports dropped 3.2% on the month to $317.7bn, while imports rose 3.3% to $395.3bn. The goods deficit widened by $23.6bn to $106.5bn, while the services surplus edged up to $28.9bn.
A three‑month moving average showed the deficit rising to $62.9bn, with average exports at $321.5bn and average imports at $384.5bn. Year‑to‑date, however, the overall deficit remained 40.6% lower than the same period in 2025, as exports increased 11.7% and imports fell 2.1%.
Goods exports fell $11.3bn to $210.6bn, led by declines in industrial supplies, non‑monetary gold, precious metals, natural gas, capital goods and consumer goods. Crude oil was one of the few categories to rise, up $2bn.
Services exports increased $800m to $107.1bn, helped by gains in travel, business services, transport and financial services.
Goods imports rose $12.3bn to $317bn, driven by higher inflows of consumer goods, pharmaceuticals, industrial supplies, crude oil, autos, capital goods and semiconductors, while services imports increased $200m to $78.2bn, mainly due to higher insurance services.
April's figures saw small revisions, with exports revised $600m higher and imports $500m lower.
Reporting by Iain Gilbert at Sharecast.com