U.S records international goods trade deficit of $88.1 billion for May 2021

June 28, 2021

The advance international trade in goods recorded a deficit of $88.1 billion in May 2021, up $2.4 billion from $85.7 billion in April 2021. Exports of goods for May were $144.3 billion, $0.5 billion less than exports reported in April. Imports of goods for May amounted to $232.4 billion, $1.9 billion more than April imports.

The May advance wholesale inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $707.5 billion, this represents a 1.1% (±0.2%) increase from April 2021 and a 7.8% (±1.2%) rise relative to May 2020. The percentage change from March 2021 to April 2021 was amended from up 0.8% (±0.4%) to up 1.0% (±0.4%).

Retail inventories for May were projected to be $598.3 billion at the end of the month, down 0.8% (±0.2%) from April 2021 ($622.0 billion) and 0.3% (±0.7%) from May 2020 ($662.1 billion), after adjusting for seasonal variations and trading day differences, but not for price changes. From March 2021 to April 2021, the percentage change was revised from 1.8%(±0.2%) to down 1.6% (±0.2%).


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