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Thursday, July 6, 2017 Services: Jeannine Aversa, (301) 278-9003 Goods: Mala Kline, (301) 763-2311 May 2017 Trade Gap is $46.5 Billion U.S. international trade in goods and services The U.S. monthly international trade deficit decreased in May 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $47.6 billion in April (revised) to $46.5 billion in May, as exports increased and imports decreased. The previously published April deficit was $47.6 billion. The goods deficit decreased $0.9 billion in May to $67.5 billion. The services surplus increased $0.2 billion in May to $21.0 billion. Balance on Goods and Services Trade January 2008–May 2017 Billion $ -20 -30 -40 -50 -60 -70 -80 2008 2009 2010 U.S. Bureau of Economic Analysis U.S. Census Bureau 2011 2012 2013 2014 2015 2016 2017 Seasonally adjusted Exports Exports of goods and services increased $0.9 billion, or 0.4% percent, in May to $192.0 billion. Exports of goods increased $0.2 billion and exports of services increased $0.6 billion. • The increase in exports of goods mostly reflected increases in consumer goods ($0.9 billion) and in automotive vehicles, parts, and engines ($0.6 billion). A decrease in foods, feeds, and beverages ($0.7 billion) partly offset the increases. • The increase in exports of services mostly reflected increases in travel (for all purposes including education) ($0.3 billion) and in financial services ($0.2 billion). Imports Imports of goods and services decreased $0.2 billion, or 0.1% percent, in May to $238.5 billion. Imports of goods decreased $0.6 billion and imports of services increased $0.4 billion. • The decrease in imports of goods mostly reflected decreases in consumer goods ($1.5 billion) and in automotive vehicles, parts, and engines ($0.7 billion). An increase in capital goods ($1.3 billion) partly offset the decreases. • The increase in imports of services mostly reflected an increase in travel (for all purposes including education) ($0.2 billion). For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services: May 2017. BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic statistics for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the July 6 news release, U.S. International Trade in Goods and Services: May 2017, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is August 4, 2017.