FXstreet.com (Córdoba) - The US trade deficit narrowed 3.8% to $48.68 billion in May, mainly due to lower oil imports and a slight increase in exports, the Commerce Department reported Wednesday. May exports were $183.1 billion and imports were $231.8 billion.

This deficit comes in above the $48.4 billion expected. In April, the trade deficit was upwardly revised to $50.60 billion from $50.06 billion.