![New vehicles are seen at the Horizon Terminal as they await to be exported from Port Everglades on May 22, 2018 in Fort Lauderdale, Florida.](https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2018/07/05/105313013-1530817457685gettyimages-961456360.530x298.jpeg?v=1530817553)
The U.S. trade deficit fell to a 1½ -year low in May as exports rose to a record high, boosted by an increase in shipments of soybeans and commercial aircraft.
The Commerce Department said on Friday the trade gap narrowed 6.6 percent to $43.1 billion, the smallest since October 2016. Data for April was slightly revised to show the trade deficit falling to $46.1 billion, instead of the previously reported $46.2 billion.
More @ CNBC
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