When adjusted for inflation, the trade deficit narrowed to $62.8 billion from $63.8 billion in April. Real goods exports surged to an all-time high in May, propelled by record high petroleum exports. Still, the real trade deficit averaged $63.3 billion in April and May, above the first quarter's average of $62.2 billion. Cell phone and other household goods imports fell $0.9 billion, accounting for the bulk of the $1.5 billion decrease in consumer goods imports. The politically sensitive US-China trade deficit increased 14.4% to $31.6 billion in May.

Source: Bangkok Post July 06, 2017 13:18 UTC