US exports volumes flat line year on year and drop month to month
US EXPORTS of consumer goods, industrial supplies, materials, foods, feeds and beverages dropped from April's level in May, while there were increases in exports of capital goods, automotive vehicles, parts, engines and other goods, according to US official trade data.
Trade goods surpluses increased with Hong Kong to US$3 billion, up from $2.4 billion in April, the data revealed.
Export levels were unchanged year on year with increases in automotive vehicles, parts, and engines and consumer goods offset by decreases in foods, feeds and beverages as well as industrial supplies and materials.
Industrial supplies and materials and consumer goods led the increase in imports, followed by automotive vehicles, parts, engines, foods, feeds, beverages and capital goods.
The US goods deficit with China widened by more than US$3 billion month to month to $27.9 billion, and it also expanded with Mexico, increasing to $5.3 billion from $4.4 billion in May.
The goods deficit narrowed with the EU to $10.8 billion, down from $12.4 billion in April, Japan ($5.4 billion, down from $6.9 billion) and Canada ($1.9 billion, down from $2.3 billion).
Trade goods surpluses increased with Australia ($1.4 billion, up from $1.1 billion) and Singapore ($1.2 billion, up from $800 million).
US EXPORTS of consumer goods, industrial supplies, materials, foods, feeds and beverages dropped from April's level in May, while there were increases in exports of capital goods, automotive vehicles, parts, engines and other goods, according to US official trade data.
Trade goods surpluses increased with Hong Kong to US$3 billion, up from $2.4 billion in April, the data revealed.
Export levels were unchanged year on year with increases in automotive vehicles, parts, and engines and consumer goods offset by decreases in foods, feeds and beverages as well as industrial supplies and materials.
Industrial supplies and materials and consumer goods led the increase in imports, followed by automotive vehicles, parts, engines, foods, feeds, beverages and capital goods.
The US goods deficit with China widened by more than US$3 billion month to month to $27.9 billion, and it also expanded with Mexico, increasing to $5.3 billion from $4.4 billion in May.
The goods deficit narrowed with the EU to $10.8 billion, down from $12.4 billion in April, Japan ($5.4 billion, down from $6.9 billion) and Canada ($1.9 billion, down from $2.3 billion).
Trade goods surpluses increased with Australia ($1.4 billion, up from $1.1 billion) and Singapore ($1.2 billion, up from $800 million).