U.S. Trade Deficit Jumps 42.2% to $77.6 Billion in May as Exports Fall
Updated
Updated · Bureau of Economic Analysis · Jul 7
U.S. Trade Deficit Jumps 42.2% to $77.6 Billion in May as Exports Fall
3 articles · Updated · Bureau of Economic Analysis · Jul 7
Summary
$77.6 billion marked the widest U.S. goods-and-services trade gap since March 2025, up $23.0 billion from April’s revised $54.6 billion.
Exports fell 3.2% to $317.7 billion while imports rose 3.3% to $395.3 billion, with the goods deficit widening $23.6 billion to $106.5 billion as the services surplus edged up to $28.9 billion.
Goods exports were hit by a $6.2 billion drop in nonmonetary gold and weaker computers, while goods imports rose on pharmaceuticals, autos, crude oil and semiconductors.
Real goods trade also deteriorated, with the inflation-adjusted deficit up 18.7% to $100.0 billion in May, though the year-to-date overall deficit is still down 40.6% from the same period in 2025.