US rubber product trade deficit declines in May

Washington – The US rubber product trade deficit dropped 10.5% in May as trade activity dropped sharply from May 2015.

The shortfall for the month totalled $1.01 billion (€950 million), compared with $1.12 billion a year earlier, according to data from the Department of Commerce. Exports during May decreased 9.7% to $793.6 million, while imports plunged 10.1% to just under $1.8 billion.

Through the first five months of 2016, the deficit fell 3.6 % to $4.87 billion. Exports dropped 8.7% to $3.84 billion, and imports declined 6%…

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