USA: 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 since March 2025. Most of the growth came from goods imports, which climbed $12.3 billion to $317.0 billion. Consumer goods increased by $3.5 billion, led by higher imports of pharmaceuticals ($1.9 billion) and cell phones and household goods ($1.0 billion). Industrial supplies and materials rose $3.1 billion, mainly due to a $1.5 billion increase in crude oil imports. Automotive imports grew $2.2 billion, including a $1.0 billion rise in passenger cars. Other goods increased $1.4 billion, while capital goods rose $1.1 billion, supported by higher imports of computer accessories and semiconductors. However, computer imports fell $3.4 billion, partially offsetting these gains. Imports of services increased slightly by $0.2 billion to $78.2 billion, mainly because of higher spending on insurance services.