US Trade Deficit Narrows in April

US trade gap was USD 40.9 billion in April, improving from a shortfall of USD 50.6 billion in March as exports rose 1 percent and imports fell 3.3 percent.

Exports rose 1 percent to $189.9 billion. Exports of goods increased $1.9 billion to $129.0 billion in April: capital goods increased $2.1 billion; civilian aircraft increased $1.0 billion; telecommunications equipment increased $0.6 billion; other industrial machines increased $0.3 billion. 

Exports of services increased less than $0.1 billion to $60.9 billion in April: other business services increased $0.1 billion; transport, which includes freight and port services and passenger fares, decreased $0.2 billion.

Imports shrank 3.3 percent to $230.78 billion.  Imports of goods decreased $7.4 billion to $189.6 billion in April: consumer goods decreased $4.9 billion; cell phones and other household goods decreased $1.3 billion; other textile apparel and household goods decreased $0.9 billion; footwear decreased $0.8 billion.

Imports of services decreased $0.4 billion to $41.1 billion in April: transport decreased $0.5 billion; travel (for all purposes including education) increased $0.1 billion. 

In March, the trade deficit had ballooned to USD 50.6 billion as the resolution of a dispute at Californian ports led to a surge in imports that had been held up by the dispute.

Year-to-date, the goods and services deficit increased $1.5 billion, or 0.9 percent, from the same period in 2014. Exports decreased $18.0 billion or 2.3 percent. Imports decreased $16.5 billion or 1.8 percent.

US Trade Deficit Narrows in April

US Census Bureau | Joana Taborda |
6/3/2015 2:03:28 PM