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US exports rise 0.4pc to US$192 billion as imports fall 0.1pc
US EXPORTS increased 0.4 per cent to US$192 billion as imports fell 0.1 per cent to $238.5 billion in May, Bloomberg reports.
The US Commerce Department said the trade gap narrowed 2.3 per cent to $46.5 billion from $47.6 billion in April.
Improvements in world economies helped drive US export demand, with South Korean demand reaching its highest on record, while shipments to Brazil were the strongest since October 2014.
Weakness in the dollar could also make American-made goods more attractive for overseas customers, helping to contain the trade gap that barely added to growth in the first quarter.
At the same time, a record $52.8 billion of imported capital equipment indicates US business investment may be gaining momentum, said the report.
The report also showed the impact of weakening motor vehicle sales as imports of new and used cars dropped by $1.3 billion in May.
The US Commerce Department said the trade gap narrowed 2.3 per cent to $46.5 billion from $47.6 billion in April.
Improvements in world economies helped drive US export demand, with South Korean demand reaching its highest on record, while shipments to Brazil were the strongest since October 2014.
Weakness in the dollar could also make American-made goods more attractive for overseas customers, helping to contain the trade gap that barely added to growth in the first quarter.
At the same time, a record $52.8 billion of imported capital equipment indicates US business investment may be gaining momentum, said the report.
The report also showed the impact of weakening motor vehicle sales as imports of new and used cars dropped by $1.3 billion in May.
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