Dairy sales push May exports to record high

Mon, 24 Jun 2019

By Rebecca Howard June 25 (BusinessDesk) - Dairy exports - to China in particular - helped propel May exports to a record high and meant the monthly trade surplus was slightly wider than expected. Exports rose 8.5 percent to $5.8 billion on the year in May while imports rose 7.6 percent to $5.5 billion. The May trade surplus was $264 million. The annual trade balance was a $5.49 billion deficit versus a revised $5.56 billion deficit for the 12 months through April. It was $3.7 billion in the year ended May 2018. Economists polled by...

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