Official Publication Edition · GDP
Source-grounded publication
The average goods and services deficit decreased $0.4 billion to $68.0 billion for the three months ending in May.
$247.1 Billion
Source
U.S. International Trade in Goods and Services, May 2023
Sections
Publication sections
Key evidence
The source directly compares reported values for the stated scope in the generic-text section: Exports of services increased $0.4 billion to $82.3 billion in May. The source reports an amount on a billion scale for the stated scope in the generic-text section: Year-over-year, the average goods and services deficit decreased $22.9 billion from the three months ending in May 2022. The source reports an amount on a billion scale for the stated scope in the generic-text section: Net balance of payments adjustments decreased $1.0 billion.
The source directly compares reported values for the stated scope in the generic-text section: The May decrease in the goods and services deficit reflected a decrease in the goods deficit of $4.8 billion to $91.3 billion and an increase in the services surplus of $0.7 billion to $22.3 billion. The source reports an amount on a billion scale for the stated scope in the generic-text section: Exports increased $48.0 billion or 3.9 percent.
The source reports an amount on a billion scale for the stated scope in the generic-text section: Exports of goods on a Census basis decreased $1.4 billion. The source reports an amount on a billion scale for the stated scope in the generic-text section: Imports of goods on a Census basis decreased $7.1 billion.
The source directly compares reported values for the stated scope in the generic-text section: Bureau of Economic Analysis announced today that the goods and services deficit was $69.0 billion in May, down $5.5 billion from $74.4 billion in April, revised. The source reports an amount on a billion scale for the stated scope in the generic-text section: Imports decreased $53.7 billion or 3.2 percent. The source directly compares reported values for the stated scope in the generic-text section: May exports were $247.1 billion, $2.1 billion less than April exports.
The source reports an amount on a billion scale for the stated scope in the generic-text section: $69.0 Billion The source directly compares reported values for the stated scope in the generic-text section: May imports were $316.1 billion, $7.5 billion less than April imports. The source directly compares reported values for the stated scope in the generic-text section: Exports of goods decreased $2.5 billion to $164.8 billion in May.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| $247.1 Billion | 247.1 | billion | — |
| $316.1 Billion | 316.1 | billion | — |
| Year-over-year, the average goods and services deficit decreased $22.9 billion from the three months ending in May 2022. | 22.9 | billion | — |
| Net balance of payments adjustments decreased $1.0 billion. | 1 | billion | — |
| Exports increased $48.0 billion or 3.9 percent. | 48 | billion | — |
| Exports of goods on a Census basis decreased $1.4 billion. | 1.4 | billion | — |
| Imports of goods on a Census basis decreased $7.1 billion. | 7.1 | billion | — |
| Imports decreased $53.7 billion or 3.2 percent. | 53.7 | 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