Signal Or Noise: Imports Of Computers, Related Goods And Semiconductors

From BEA:

Figure 1: Computer, computer accessories, semiconductor imports, bn.$, SAAR, on log scale. Source: BEA. 

That being said, the May data are preliminary. Here are monthly data spliced to quarterly:

Figure 2: Computer, computer accessories, semiconductor imports, NIPA data (black), monthly trade releases, spliced to NIPA at 0.93 ratio for Q1 (blue), bn.$, SAAR, on log scale. 2026Q2 is average for April and May. Source: BEA and author’s calculations.