The April decrease in the goods and services deficit reflected an increase in the goods deficit of USD 2.3 billion to USD 68.4 billion and a decrease in the services surplus of less than USD 0.1 billion to USD 20.8 billion.
Total exports went down 0.3 percent to USD 191 billion, the lowest value in four months.
Exports of goods decreased USD 0.5 billion to USD 126.9 billion: consumer goods fell USD 0.7 billion; artwork, antiques, stamps, and other collectibles decreased USD 0.4 billion; pharmaceutical preparations went down USD 0.2 billion; automotive vehicles, parts, and engines declined USD 0.5 billion and passenger cars dropped USD 0.3 billion. In contrast, foods, feeds, and beverages increased USD 0.6 billion. Exports of services increased USD 0.1 billion to USD 64 billion: travel (for all purposes including education) increased USD 0.1 billion while transport, which includes freight and port services and passenger fares, decreased USD 0.1 billion.
Total imports went up 0.8 percent to USD 238.6 billion, the highest value in three months.
Imports of goods rose USD 1.8 billion to USD 195.3 billion, led by consumer goods (USD 1.9 billion); cell phones (USD 1.8 billion); artwork, antiques, stamps, and other collectibles (USD 0.5 billion) and capital goods (USD 0.9 billion). In contrast, imports of industrial supplies and materials decreased (USD -1.5 billion), with crude oil falling by USD 1.9 billion. Imports of increased USD 0.1 billion to USD 43.3 billion: transport, which includes freight and port services and passenger fares edged up USD 0.1 billion.
On a non-seasonally adjusted basis, exports went down to Canada (-9 percent), Mexico (-10.3 percent), the EU (-10.6 percent) and OPEC (-12.1 percent). In contrast, exports went up to China (2.2 percent), Japan (2.9 percent) and Brazil (1.3 percent). Imports rose from China (9.6 percent). In contrast, imports declined from Canada (-7.5 percent), Mexico (-10.3 percent), OPEC (-14.3 percent), the EU (-3.7 percent), Brazil (-2.7 percent), and Japan (-14.3 percent).
The US trade deficit widened with China (USD -27.6 billion from USD -24.6 billion in March), the EU (USD -12.5 billion from USD -11.2 billion) and Canada (USD -1.6 billion from USD -1.4 billion) but narrowed with OPEC (USD -1 billion from USD -1.4 billion), Japan (USD -5.2 billion from USD -7.2 billion) and Mexico (USD -6.3 billion from USD -7 billion).
Considering the first four months of the year, the average goods and services deficit increased USD 22.1 billion to USD 186.6 billion: exports went up than USD 44.3 billion to USD 765.6 billion and imports rose USD 6.4 billion to USD 952.2 billion.