Official Publication Edition · GDP
Source-grounded publication
Net balance of payments adjustments decreased $0.2 billion.
The May increase in the goods and services deficit reflected an increase in the goods deficit of $0.9 billion to $100.2 billion and an increase in the services surplus of $0.3 billion to $25.1 billion.
Source
U.S. International Trade in Goods and Services, May 2024
Sections
Publication sections
Key evidence
The source directly compares reported values for the stated scope: Imports of goods decreased $2.0 billion to $269.7 billion in May. The source reports an amount on a billion scale for the stated scope: Year-over-year, the average goods and services deficit increased $6.3 billion from the three months ending in May 2023. The source reports an amount on a billion scale for the stated scope: Year-to-date, the goods and services deficit increased $14.4 billion, or 4.2 percent, from the same period in 2023.
The source reports an amount on a billion scale for the stated scope: Imports of goods on a Census basis decreased $1.9 billion. The source directly compares reported values for the stated scope: Exports of goods decreased $2.9 billion to $169.6 billion in May. The source directly compares reported values for the stated scope: May exports were $261.7 billion, $1.8 billion less than April exports.
The source reports an amount on a billion scale for the stated scope: Imports increased $57.2 billion or 3.6 percent. The source reports an amount on a billion scale for the stated scope: Exports of goods on a Census basis decreased $3.1 billion. The source directly compares reported values for the stated scope: The average goods and services deficit increased $2.0 billion to $72.7 billion for the three months ending in May.
The source directly compares reported values for the stated scope: Bureau of Economic Analysis announced today that the goods and services deficit was $75.1 billion in May, up $0.6 billion from $74.5 billion in April, revised. The source directly compares reported values for the stated scope: Exports of services increased $1.1 billion to $92.1 billion in May.
The source directly compares reported values for the stated scope: The real goods deficit increased $0.4 billion, or 0.5 percent, to $94.5 billion in May, compared to a 1.2 percent increase in the nominal deficit. The source directly compares reported values for the stated scope: Imports of services increased $0.9 billion to $67.0 billion in May.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| Net balance of payments adjustments decreased $0.2 billion. | 0.2 | billion | — |
| Exports increased $42.8 billion or 3.4 percent. | 42.8 | billion | — |
| Year-over-year, the average goods and services deficit increased $6.3 billion from the three months ending in May 2023. | 6.3 | billion | — |
| Year-to-date, the goods and services deficit increased $14.4 billion, or 4.2 percent, from the same period in 2023. | 14.4 | billion | — |
| Imports of goods on a Census basis decreased $1.9 billion. | 1.9 | billion | — |
| Imports increased $57.2 billion or 3.6 percent. | 57.2 | billion | — |
| Exports of goods on a Census basis decreased $3.1 billion. | 3.1 | billion | — |
| Net balance of payments adjustments increased $0.1 billion. | 0.1 | billion | — |
Source and methodology
Source: the retained official publication. Method: normalized statements from section generic-text presented as reported, without recomputation.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none