Economic Indicators

US goods trade deficit narrows in May

2022.06.28 16:05

US goods trade deficit narrows in May

US goods trade deficit narrows in May

The U.S. trade deficit in goods narrowed in May as exports increased, suggesting that trade could contribute to economic growth this quarter for the first time in nearly two years.

The goods trade deficit fell 2.2% to $104.3 billion, the Commerce Department said on Tuesday. Goods exports rose $2.0 billion to $176.6 billion. Imports of goods slipped $0.4 billion to $280.9.

A record trade deficit weighed on the economy in the first quarter, resulting in gross domestic product declining at a 1.5% annualized rate. Trade has subtracted from GDP for seven straight quarters.

 

US goods trade deficit narrows in May

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 94,157.23 1.97%
ethereum
Ethereum (ETH) $ 3,401.85 1.73%
tether
Tether (USDT) $ 0.998658 0.04%
xrp
XRP (XRP) $ 2.23 1.27%
bnb
BNB (BNB) $ 683.15 0.98%
solana
Solana (SOL) $ 192.06 4.43%
dogecoin
Dogecoin (DOGE) $ 0.320586 1.61%
usd-coin
USDC (USDC) $ 1.00 0.01%
staked-ether
Lido Staked Ether (STETH) $ 3,396.76 1.76%
cardano
Cardano (ADA) $ 0.898159 0.10%
tron
TRON (TRX) $ 0.252074 0.70%
avalanche-2
Avalanche (AVAX) $ 39.29 6.16%
chainlink
Chainlink (LINK) $ 23.99 3.58%
the-open-network
Toncoin (TON) $ 5.64 3.67%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,042.19 2.00%
sui
Sui (SUI) $ 4.52 4.48%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 2.17%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,890.16 1.79%
hedera-hashgraph
Hedera (HBAR) $ 0.310506 12.25%
stellar
Stellar (XLM) $ 0.373244 4.07%
polkadot
Polkadot (DOT) $ 7.27 3.64%
hyperliquid
Hyperliquid (HYPE) $ 28.22 2.76%
weth
WETH (WETH) $ 3,402.19 1.78%
bitcoin-cash
Bitcoin Cash (BCH) $ 462.81 4.13%
leo-token
LEO Token (LEO) $ 9.43 0.01%
uniswap
Uniswap (UNI) $ 13.90 0.51%
litecoin
Litecoin (LTC) $ 106.91 3.97%
pepe
Pepe (PEPE) $ 0.000018 1.46%
bitget-token
Bitget Token (BGB) $ 4.89 20.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,591.44 1.82%
near
NEAR Protocol (NEAR) $ 5.45 6.12%
ethena-usde
Ethena USDe (USDE) $ 0.999198 0.06%
aave
Aave (AAVE) $ 376.45 10.86%
usds
USDS (USDS) $ 0.999689 0.02%
aptos
Aptos (APT) $ 9.40 2.00%
internet-computer
Internet Computer (ICP) $ 10.78 6.21%
crypto-com-chain
Cronos (CRO) $ 0.161061 3.60%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.503756 4.65%
ethereum-classic
Ethereum Classic (ETC) $ 27.19 2.64%
mantle
Mantle (MNT) $ 1.19 0.06%
render-token
Render (RENDER) $ 7.70 7.71%
vechain
VeChain (VET) $ 0.049214 5.69%
bittensor
Bittensor (TAO) $ 491.37 7.57%
mantra-dao
MANTRA (OM) $ 3.76 5.51%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.35 4.56%
whitebit
WhiteBIT Coin (WBT) $ 24.37 0.44%
monero
Monero (XMR) $ 186.35 2.85%
dai
Dai (DAI) $ 1.00 0.05%
arbitrum
Arbitrum (ARB) $ 0.800652 4.82%
algorand
Algorand (ALGO) $ 0.382141 5.57%