US Trade Deficit Widens in April


The US trade gap widened to USD 37.4 billion in April of 2016 from a downwardly revised USD 35.5 billion deficit in the previous month while below market expectations of USD 41.3 billion. Exports increased 1.5 percent to the largest since December last year, mainly driven by industrial supplies and materials sales. Imports rose at a faster 2.1 percent, due to higher purchases of capital goods.

The April growth in the goods and services deficit reflected an increase in the goods deficit of $1.4 billion to $58.8 billion and a decrease in the services surplus of $0.5 billion to $21.4 billion.

Total imports increased 2.1 percent to $220.2 billion, the highest figure since February. Imports of goods rose $4.3 billion to $178.9 billion: capital goods increased $2.5 billion; civilian aircraft grew $0.8 billion; computers went up $0.5 billion; electric apparatus increased $0.3 billion; industrial supplies and materials rose $1.1 billion; other petroleum products went up $0.3 billion and crude oil increased $0.2 billion. Imports of services edged up $0.3 billion to $41.4 billion.

Total exports went up 1.2 percent to $182.796 billion. Exports of goods grew $2.8 billion to $120.1 billion: industrial supplies and materials rose $1.8 billion; fuel oil increased $0.3 billion; other petroleum products went up $0.2 billion; organic chemicals increased $0.2 billion; automotive vehicles, parts, and engines rose $0.8 billion; other parts and accessories increased $0.4 billion. Meantime, exports of services decreased $0.3 billion to $62.7 billion. 

Year-to-date, the goods and services deficit decreased $8.1 billion, or 4.8 percent, from the same period in 2015. Exports fell $39.0 billion or 5.1 percent. Imports declined $47.1 billion or 5.1 percent.

US Trade Deficit Widens in April


Yekaterina | yekaterina@tradingeconomics.com
6/3/2016 2:15:59 PM