Market Updates
U.S. International Goods Deficit Shrank
Brian Turner
28 Jun, 2023
New York City
U.S. international goods trade deficit declined 6.1% to $91.1 billion from $97.1 billion, the U.S. Census Bureau reported Tuesday in its preliminary estimate.
Exports in May declined 0.6%, reflecting 14.2% decline in food, feed and beverage exports and 3.0% fall in industrial supplies.
Imports dropped 2.7%, reflecting a decline in purchase of consumer goods by 7.3% and 5.9% fall in industrial supplies.
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