Economics
U.S. Trade Sinks to Lowest in More Than a Decade in May
- Exports fell to weakest level since 2009; imports at 2010 low
- Overall deficit widened more than estimated to $54.6 billion
New vehicles sit parked at the Point Potrero Marine Terminal at the Port of Richmond in Richmond, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
U.S. exports of goods and services sank in May to the lowest in more than a decade as the coronavirus pandemic halted demand and shipments.
The overall gap of goods and services widened to $54.6 billion in May from a revised $49.8 billion in April, according to Commerce Department data released Thursday. The median estimate of economists surveyed by Bloomberg had called for a widening to $53.2 billion.