U.S. Goods Exports Jump, Shrinking May Trade Gap

Despite the positive month-by-month movement, the trade gap is still larger than it was last year by about 38.4%, or $126.5 billion.

Increased exports of goods, which increased $3.0 billion to $179.0 billion, drove much of the latest results. Industrial supplies exports rose by $3.3 billion alone, while consumer goods rose by about $600 million. Exports of foods, feeds, and beverages fell by $1.6 billion, somewhat mitigating the sector-wide growth.

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