The US trade deficit fell in May as exports picked up for the first time in two months.
The Commerce Department said on Friday the deficit fell almost 10% in May to a seasonally adjusted $US26 billion - the lowest level since November 1999.
The May deficit was 57.1% lower than a year ago, while trade volume grew by 0.4%.
The April deficit was lowered to $US28.8 billion ($A36.8 billion) from $US29.2 billion ($A37.3 billion).
The reduction in the trade gap in May resulted from a slight decline in imports and a stronger increase in exports as the weak dollar made US goods and services more affordable. Oil imports were down by 11%.
Overall imports fell for the 10th consecutive month to $US149.3 billion - their lowest level since July 2004.
Exports, which fell in two preceding months, increased by 1.6% to $US123.3 billion.