Import drop helps U.S. trade deficit

Regulatory

Wednesday, July 11, 2012

The U.S. trade deficit narrowed in May by $1.9 billion to $48.7 billion as exports increased and imports decreased from April, according to the Commerce Department. May exports were $183.1 billion, $400 million more than in April. Imports declined $1.6 billion to $233.3 billion. More significantly for cargo service providers, the deficit in goods traded internationally decreased $1.6 billion from April to $63.5 billion. Exports of goods were flat at $130.7 billio...

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