International Trade Gap Narrowed 2.1% in April

The U.S. international trade deficit narrowed in April, falling 2.1% to $46.2 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Imports fell 0.3%, while exports rose 0.3%. March’s trade deficit was downwardly revised from $49.0 billion to $47.2 billion.

The goods deficit decreased 1.5% to $68.3 billion, while the services surplus slipped 0.1% to $22.1 billion.

Exports of goods increased 0.2% to $141.2 billion in April. Exports of services grew 0.4% to $70.0 billion.

Imports of goods decreased 0.3% to $209.5 billion. Imports of services rose 0.6% to $47.9 billion.

Read the Census/BEA release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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