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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $41.1 billion in May, up $3.8 billion from $37.4 billion in April, revised. May exports were $182.4 billion, $0.3 billion less than April exports. May imports were $223.5 billion, $3.4 billion more than April imports.
Exports of goods decreased $0.2 billion to $119.8 billion in May.
Exports of goods on a Census basis decreased $0.4 billion.
Net balance of payments adjustments increased $0.1 billion.
Exports of services decreased $0.1 billion to $62.5 billion in May.
Imports of goods increased $3.4 billion to $182.1 billion in May.
Imports of goods on a Census basis increased $3.3 billion.
Net balance of payments adjustments increased $0.1 billion.
Imports of services were nearly unchanged at $41.4 billion in May.
The May figures show surpluses, in billions of dollars, with South and Central America ($2.9), Hong Kong ($1.9), Singapore ($0.5), and Brazil ($0.5). Deficits were recorded, in billions of dollars, with China ($28.3), European Union ($11.9), Germany ($5.5), Mexico ($5.5), Japan ($5.0), Italy ($2.6), India ($2.1), South Korea ($2.0), Taiwan ($1.2), France ($1.1), Canada ($0.9), OPEC ($0.4), United Kingdom ($0.3), and Saudi Arabia ($0.2).
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