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macroJul 4, 2026, 10:10 PM

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