The May decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.9 billion to $105.0 billion and a decrease in the services surplus of $1.7 billion to $19.4 billion. The average goods and services deficit decreased $0.9 billion to $93.3 billion for the three months ending in May. Year-to-date, the goods and services deficit increased $126.5 billion, or 38.4%, from the same period in 2021. Exports increased $197.1 billion or 19.4%. Imports increased $323.6 billion or 24.0%.