US advance goods trade balance for May -88.1 billion versus -87.5 billion estimate

Author: Greg Michalowski | Category: News

US advance goods trade balance for May 2021

US trade deficit widens
  • prior report
  • advance goods trade balance $-88.1 billion versus $-87.5 billion estimate. The prior month was -$85.7 billion.
  • Gain of $2.4 billion
  • Export of goods were $144.3 billion which was $-0.5 billion less than April
  • Imports came in at $232.4 billion which was $1.9 billion more than April.
  • The record deficit was reached in March 2021 at $-91.917 billion. In February 2021 the deficit was $-88.211 billion.  
Trade deficits are a subtraction from US GDP.   However with bottlenecks and Covid, the data could be skewed as global flows are impacted.

Trade balance

Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose