The U.S. Census Bureau said Friday that U.S. exports of goods and services totaled $215.3 billion in May, up $4.1 billion from April. Imports totaled $258.4 billion, up $1.1 billion on the month. The resulting trade deficit of $43.1 billion for May was down $3.0 billion from April’s revised total.
USDA later provided more details for exports of ethanol, biodiesel and distillers grains.
USDA said U.S. exports of ethanol totaled 91.9 million gallons in May, down 24% from a year ago. Canada was the top destination in May, accounting for 35% of the total, while April’s top destination, Brazil, fell to fourth. Peru and Philippines were second and third, respectively. In the first five months of 2018, U.S. ethanol exports were up 29% from a year ago.
U.S. exports of biodiesel totaled 53,800.0 metric tons in May, up 60% from a year ago. Canada was the top destination in May again, taking 88%, the lion’s share of U.S. exports. Peru was second with 6% of May’s total. So far in 2018, U.S. exports of biodiesel are up 39% from a year ago.
U.S. exports of distillers grains totaled 994,006 metric tons in May, up 38% from a year ago. Turkey climbed to the top export destination in May, accounting for 15% of the total and was followed by Mexico, South Korea, Vietnam, and Thailand. The first five months of U.S. distillers grains exports were slightly higher in 2018 than a year ago.