International Trade Balance Widened in April

The U.S. international trade deficit widened in April to $47.6 billion, up from $45.3 billion in March, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The increase reflected a $1.9 billion growth in imports along with a $0.5 billion decrease in exports.

The goods deficit increased $2.3 billion to $68.4 billion, while the services surplus decreased less than $0.1 billion to $20.8 billion.

Exports of goods decreased just over $0.5 billion to $126.9 billion in April, driven by a $0.7 billion decrease in consumer goods. Exports of services increased less than $0.1 billion to $64.0 billion.

Imports of goods increased $1.8 billion to $193.8 billion, mostly due to a significant increase in consumer goods, which grew by $1.9 billion. Imports of services increased less than $0.1 billion to $43.3 billion in April.

Read the Census/BEA release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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