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Monthly Trade Highlights

May 2014 Press Highlights

This page shows the Balance, Exports and Imports for the current month and prior month, along with the percent change and dollar change between the two. The last column of the table shows the last time the percent change (or dollar change) was larger. Some interesting facts about this month's International Trade in Goods and Services report can be found at the bottom of the page.

Goods and Services on a Balance of Payments (BOP) Basis, seasonally adjusted - series began with May 1992 statistics.

All Values in billions of dollars

Percent Change from Prior Month

  May 2014 (Billions of $) April 2014 (Billions of $) Percent Change from Prior Month Last time the Increase/Decrease in Percent Change was larger/When it Occured
Goods and Services
Balance -$44.4 -$47.0 -5.6% -8.0% October 2013 - November 2013
Exports $195.5 $193.5 1.0% 2.9% February 2014 - March 2014
Imports $239.8 $240.5 -0.3% -0.6% January 2014 - February 2014
Goods (BOP Basis)
Balance -$63.3 -$65.7 -3.6% -5.2% October 2013 - November 2013
Exports $136.7 $135.0 1.2% 4.1% February 2014 - March 2014
Imports $200.0 $200.7 -0.4% -1.2% January 2014 - February 2014

 

Dollar Change From Prior Month

  May 2014 (Billions of $) April 2014 (Billions of $) Dollar Change From Prior Month Last time the Increase/Decrease in Dollar Change was larger/When it Occured
Goods and Services
Balance -$44.4 -$47.0 $2.6 $3.1 October 2013 - November 2013
Exports $195.5 $193.5 $2.0 $5.5 February 2014 - March 2014
Imports $239.8 $240.5 -$0.7 -$1.5 January 2014 - February 2014
Goods (BOP Basis)
Balance -$63.3 -$65.7 $2.4 $3.0 October 2013 - November 2013
Exports $136.7 $135.0 $1.6 $5.3 February 2014 - March 2014
Imports $200.0 $200.7 -$0.7 -$2.3 January 2014 - February 2014

  • May exports of goods and services ($195.5 billion) and exports of services ($58.8 billion) were the highest on record.

Goods on a Census Basis (seasonally adjusted)

Exports

  • May exports of goods ($135.7 billion) were the highest on record.
  • May exports of automotive vehicles, parts, and engines ($13.5 billion) were the highest on record.
  • May exports of consumer goods ($16.8 billion) were the highest on record.

Imports

  • May imports of capital goods ($49.7 billion) were the highest on record.
  • May imports of automotive vehicles, parts, and engines ($28.5 billion) were the highest on record.
  • May imports of petroleum ($28.3 billion) were the lowest since November 2010 ($27.2 billion).
  • May non-petroleum imports ($169.5 billion) were the highest on record.

Country and Other Highlights (Census Basis, not seasonally adjusted)

  • May exports to Canada ($27.4 billion) were the highest on record. May imports from Canada ($30.2 billion) were the highest since July 2008 ($32.2 billion).
  • May imports from Mexico ($25.3 billion) were the highest on record.
  • May imports from NICS ($11.7 billion) were the highest on record.
  • The May deficit with South Korea ($2.7 billion) and May imports from South Korea ($6.3 billion) were the highest on record.
  • May exports to Russia ($1.2 billion) were the highest on record.
  • May imports from Colombia ($1.4 billion) were the lowest since February 2011 ($1.2 billion).
  • The May average daily barrels of crude oil imports (6.9 million) was the lowest since March 1996 (6.5 million).


May 2014
Trade Numbers

Deficit: $44.4 Billion
Exports: $195.5 Billion
Imports: $239.8 Billion

Next release: August 6, 2014
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Source: U.S. Census Bureau | Foreign Trade | ftdwebmaster@census.gov |  Last Revised: July 03, 2014