According to the latest data available, the US trade deficit has widened to highest level in six months during the month of May as slowdown continued in the global economy and lower exports.

The total US deficit rose 12.1 per cent to $45 billion during the month of May compared to 12.1 per cent $40.1 billion recorded in April, according to the Commerce Department. The trade deficit of $45 billion is the largest recorded since November of 2012.

The total exports from the country fell 0.3 per cent to $187.1 billion while on the other hand, Imports rose 1.9 per cent to $232.1 billion. The exports of US farm products fell as European region continued to face slowdown while imports of autos and other nonpetroleum products rose to its highest level ever.

The trade deficit stands at an annual rate of $501.2 billion, which is about 6.3 per cent lower than the previous year. A rising trade deficit could affect the economic growth in the country as consumers acquire more foreign made goods. Some believe that the larger deficit could reduce the economic growth during the first quarter to below 1.5 per cent.