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    The U.S. trade deficit increased in May 2013 to $45.0 billion, up from $40.1 billion in April. Exports decreased by $0.5 billion while imports increased by $4.4 billion, driven mostly by increases in imports of industrial supplies, consumer goods, and automotive vehicles. The goods deficit with China increased to $27.9 billion as exports to China decreased and imports from China increased. The goods deficit with the EU decreased to $10.8 billion as exports to the EU increased and imports from the EU decreased.

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    The U.S. trade deficit increased in May 2013 to $45.0 billion, up from $40.1 billion in April. Exports decreased by $0.5 billion while imports increased by $4.4 billion, driven mostly by increases in imports of industrial supplies, consumer goods, and automotive vehicles. The goods deficit with China increased to $27.9 billion as exports to China decreased and imports from China increased. The goods deficit with the EU decreased to $10.8 billion as exports to the EU increased and imports from the EU decreased.

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    6K views1 page

    Trad0513 Fax

    Uploaded by

    Becket Adams
    The U.S. trade deficit increased in May 2013 to $45.0 billion, up from $40.1 billion in April. Exports decreased by $0.5 billion while imports increased by $4.4 billion, driven mostly by increases in imports of industrial supplies, consumer goods, and automotive vehicles. The goods deficit with China increased to $27.9 billion as exports to China decreased and imports from China increased. The goods deficit with the EU decreased to $10.8 billion as exports to the EU increased and imports from the EU decreased.

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    WEDNESDAY July 3, 2013

    May 2013 TRADE GAP IS $45.0 BILLION


    U.S. international trade in goods and services

    The U.S. monthly international trade deficit increased in May 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.1 billion in April (revised) to $45.0 billion in May as exports decreased and imports increased. The previously published April deficit was $40.3 billion. The goods deficit increased $5.0 billion from April to $63.4 billion in May; the services surplus increased $0.2 billion from April to $18.4 billion in May.

    Exports Exports of goods and services decreased $0.5 billion in May to $187.1 billion reflecting a decrease in exports of goods. Exports of services increased. The largest decreases in exports of goods were in consumer goods and in industrial supplies and materials. The largest increases in exports of services were in other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, and in passenger fares. Imports Imports of goods and services increased $4.4 billion in May to $232.1 billion mostly reflecting an increase in imports of goods. Imports of services also increased. The largest increases in imports of goods were in industrial supplies and materials, in consumer goods, and in automotive vehicles, parts, and engines. The largest increases in imports of services were in passenger fares and in travel. Goods by geographic area (not seasonally adjusted) The goods deficit with the European Union decreased from $12.4 billion in April to $10.8 billion in May. Exports increased $1.3 billion to $22.5 billion, while imports decreased $0.3 billion to $33.3 billion. The goods deficit with China increased from $24.1 billion in April to $27.9 billion in May. Exports decreased $0.2 billion to $8.8 billion, while imports increased $3.5 billion to $36.6 billion. The goods deficit with Japan decreased from $6.9 billion in April to $5.4 billion in May. Exports increased $0.7 billion to $5.8 billion, while imports decreased $0.8 billion to $11.2 billion.
    BEA statisticsincluding GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic statistics for states, local areas, and industriesare available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the July 3 news release, U.S. International Trade in Goods and Services: May 2013, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is August 6, 2013. Contacts: Services: Jeannine Aversa 202-606-2649 Goods: Maria Iseman 301-763-2311 Bureau of Economic Analysis, U.S. Department of Commerce Census Bureau, U.S. Department of Commerce

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