US goods trade deficit widens 27% in May to $105.8B
The US goods trade deficit expanded by $22.8 billion (27%) in May to $105.8 billion, the largest since March 2025, as exports fell and imports rose.
The US goods trade deficit widened sharply in May, increasing by $22.8 billion (27%) to $105.8 billion, the highest level since March 2025. This also represents the largest monthly increase since November 2025.
Exports of goods dropped $11.8 billion (5%) to $207.7 billion, the lowest since February. The decline was driven by a sharp fall in industrial supplies, particularly energy shipments.
Imports rose $10.9 billion (4%) to $313.4 billion, the highest since March 2025. The increase was fueled by continued imports of data center equipment, including computers, semiconductors, and telecom gear.
The data signals a renewed widening of the US trade gap.
Source: The Kobeissi Letter