U.S. goods and services trade deficit widened 42.2% in May to $77.6 billion, the biggest since March 2025, as exports fell 3.2% and imports rose 3.3%. Exports were weighed by a decline in nonmonetary gold; oil exports continued to increase. Imports saw renewed gains in computer parts and semiconductors while computer and telecom equipment imports eased; capital-goods imports tied to U.S. data-center construction have remained elevated. Recent PMI surveys suggest imports may also have been booste

2026-07-07

U.S. goods and services trade deficit widened 42.2% in May to $77.6 billion, the biggest since March 2025, as exports fell 3.2% and imports rose 3.3%. Exports were weighed by a decline in nonmonetary gold; oil exports continued to increase. Imports saw renewed gains in computer parts and semiconductors while computer and telecom equipment imports eased; capital-goods imports tied to U.S. data-center construction have remained elevated. Recent PMI surveys suggest imports may also have been boosted by firms front-loading inventories to avoid supply disruptions and price pressure related to the Iran conflict. May trade data will help economists refine Q2 GDP estimates.