May 2024 Trade Data Summary

Monthly Trade Data Summary

May 2024 Trade Data Is Live

Key highlights from the latest U.S. Census Bureau release

Key Metrics

Headline trade figures for May 2024

Total Imports

$274.8B

+1.5% vs prior month

Total Exports

$173.2B

+1.0% vs prior month

Trade Balance

$101.5B

Deficit

Biggest Increases

Products with the highest absolute import growth this month

#	Product	Current Value	Prior Month	Change
1	CRUDE OIL FROM PETROLEUM AND BITUMINOUS MINERALSHS 270900	$16.0B	$14.7B	+8.9%
2	DIAMONDS, NONINDUSTRIAL, WORKEDHS 710239	$2.1B	$1.1B	+96.2%
3	URANIUM ENRICHED IN U235 ETC. PLUTONIUM ETC.HS 284420	$987.2M	$50.4M	+1858.7%
4	PARTS & ACCESSORIES FOR ADP MACHINES & UNITSHS 847330	$4.7B	$3.8B	+21.4%
5	PORT DIGTL AUTOMATIC DATA PROCESS MACH NOT > 10 KGHS 847130	$4.7B	$3.9B	+19.8%

#1CRUDE OIL FROM PETROLEUM AND BITUMINOUS MINERALSHS 270900

Value: $16.0BPrev: $14.7B

#2DIAMONDS, NONINDUSTRIAL, WORKEDHS 710239

Value: $2.1BPrev: $1.1B

#3URANIUM ENRICHED IN U235 ETC. PLUTONIUM ETC.HS 284420

Value: $987.2MPrev: $50.4M

#4PARTS & ACCESSORIES FOR ADP MACHINES & UNITSHS 847330

Value: $4.7BPrev: $3.8B

#5PORT DIGTL AUTOMATIC DATA PROCESS MACH NOT > 10 KGHS 847130

Value: $4.7BPrev: $3.9B

Biggest Decreases

Products with the largest import decline this month

#	Product	Current Value	Prior Month	Change
1	MEDICAMENTS NESOI, MEASURED DOSES, RETAIL PK NESOIHS 300490	$5.5B	$7.3B	-24.0%
2	IMMUNOLOGICAL PRODUCTS, IN MEASURED DOESE/RTL SALEHS 300215	$5.2B	$6.9B	-23.7%
3	IMMUNOLOGICAL PRODUCTS, MIXED, NOT IN MSRED DOSESHS 300214	$2.1B	$3.2B	-33.4%
4	PAINTINGS, DRAWINGS AND PASTELS NOT OVER 100 YEARSHS 970191	$355.0M	$887.5M	-60.0%
5	MOTOR VEHICLES WITH ONLY ELECTRIC MOTOR, NESOIHS 870380	$2.1B	$2.5B	-13.6%

#1MEDICAMENTS NESOI, MEASURED DOSES, RETAIL PK NESOIHS 300490

Value: $5.5BPrev: $7.3B

#2IMMUNOLOGICAL PRODUCTS, IN MEASURED DOESE/RTL SALEHS 300215

Value: $5.2BPrev: $6.9B

#3IMMUNOLOGICAL PRODUCTS, MIXED, NOT IN MSRED DOSESHS 300214

Value: $2.1BPrev: $3.2B

#4PAINTINGS, DRAWINGS AND PASTELS NOT OVER 100 YEARSHS 970191

Value: $355.0MPrev: $887.5M

#5MOTOR VEHICLES WITH ONLY ELECTRIC MOTOR, NESOIHS 870380

Value: $2.1BPrev: $2.5B

Country Shifts

Countries with the biggest changes in import value this month

CHINA

$35.0B imports

prev $31.6B

IRELAND

$7.3B imports

prev $10.2B

VIETNAM

$11.4B imports

prev $10.1B

CANADA

$35.6B imports

prev $34.4B

MEXICO

$43.7B imports

prev $42.9B

Explore More

Dive deeper into the data behind this release

Opportunities

Scored trade opportunities based on growth and value

Trends

Monthly import and export trends over time

Products

Browse all HS product categories and detailed profiles