Trade Deficit Increased to $71.2 Billion in May

From the Department of Commerce reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $ 71.2 billion in May, up $ 2.2 billion from $ 69.1 billion in April, revised. May exports were $ 206.0 billion, $ 1.3 billion more than April exports. May imports were $ 277.3 billion, $ 3.5 billion more than April imports. emphasis added Click on graph for larger image. Exports and imports increased in May. Exports are up 41% compared to May 2020; imports are up 38% compared to May 2020. Both imports and exports decreased sharply due to……(read more)

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