US Trade Balance

The value of Canadian exports rose by 0.9% in May with increases in seven of 11 exports categories. Aluminum exports led the overall increase with a 51% m/m jump, driven by increased shipments to Europe. Nuclear fuel, canola, and sulphur also contributed significantly to the monthly increase in overall exports, with the latter aided by the disruptions in the Strait of Hormuz. Oil exports dropped slightly from April but remained high—also reflecting impacts from global supply disruptions. Imports dropped 0.2%, given a large monthly ...

Surging imports and a rare decline in exports spiked the U.S. trade deficit to its highest level in more than a year. The goods and services deficit jumped to $77.6 billion in May, a tad less than expected, from a downwardly revised $54.6 billion in April. Despite tariffs, the trade deficit has returned to levels of late 2024, before importers began front-loading purchases, suggesting little overall progress in shrinking the trade gap. Front-loading ahead of potential Section 301 duties may have contributed to a 3.3% leap in imports ...

The US trade deficit narrowed in April as a surge in oil exports helped offset ongoing increases in imports of equipment powering the data center buildout. The gap in goods and services trade shrank 1.2% from the prior month to $55.9 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists called for a $56.1 billion deficit. The value of exports rose 2.6% in April from the prior month, driven by a 60% increase in crude oil alongside advances in fuel oil and other petroleum products. ...

The US trade deficit jumped 4.3% in March to $60.3 billion, the second straight monthly jump and a reading that reflects the first full month after the Supreme Court struck down President Trump’s blanket tariffs. Imports jumped 2.3% to $381.2 billion, outpacing a rise in exports of 2.0% to 320.9 billion. The goods deficit increased by $4.1 billion to $88.7 billion. The US traditionally runs a positive number on the services side of the ledger — that surplus continued and increased by $1.6 billion to $28.4 billion. March’s rise was ...

Despite robust growth in both exports and imports, the U.S. trade deficit widened modestly in February to $57.3 bln from $54.7 bln in the prior month. Imports (+4.3%) rebounded nicely, slightly outpacing the gain in exports (+4.2%). On the export side, goods shipments rose by a strong $11.5 bln, driven largely by a spike in industrial supplies, including a sizable increase in nonmonetary gold, as well as higher natural gas exports. Services exports also rose, supported mostly by gains in travel, financial services, and intellectual ...