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The U.S. goods and services deficit was $43.1 billion in May, down $3 billion from revised April figure, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. May exports were $215.3 billion, $4.1 billion more than April exports. May imports were $258.4 billion, $1.1 billion more than April imports.
Year-over-year, the average goods and services deficit increased $0.2 billion from the three months ending in May 2017. Average exports of goods and services increased $84.5 billion and average imports of goods and services increased $102.4 billion.
Year-to-date, the goods and services deficit increased $17.9 billion, or 7.9 percent. Exports increased 8.8 percent. Imports increased 8.6 percent.
Imports of goods increased $1.1 billion to $210.7 billion in May and imports of services decreased $0.1 billion to $47.7 billion.
Exports of goods increased $3.7 billion to $144.9 billion in May and exports of services increased $0.4 billion to $70.4 billion.