07.07.202612:39:38UTC+00US Imports Rise to 14-Month High

US imports rose by $12.5 billion, or 3.3%, to $395.3 billion in May 2026, the highest level since March 2025. The increase was driven primarily by goods imports, which climbed $12.3 billion to $317.0 billion.

Consumer goods imports increased by $3.5 billion, led by a $1.9 billion rise in pharmaceuticals and a $1.0 billion gain in cell phones and other household goods. Imports of industrial supplies and materials were up $3.1 billion, largely reflecting a $1.5 billion increase in crude oil shipments. Automotive imports grew by $2.2 billion, including a $1.0 billion rise in passenger cars. Imports of other goods advanced $1.4 billion.

Capital goods imports rose by $1.1 billion, supported by higher purchases of computer accessories and semiconductors. These gains were partly offset by a $3.4 billion decline in imports of computers.

Imports of services edged up by $0.2 billion to $78.2 billion, mainly due to higher spending on insurance services.