U.S. Trade Deficit Narrows in April

U.S. international trade deficit in goods and services decreased to $43.7 billion in April from $46.8 billion (revised) in March, as exports increased and imports decreased.

April exports of $175.6 billion and imports of $219.2 billion resulted in a goods and services deficit of $43.7 billion, down from $46.8 billion in March, revised. April exports were $2.2 billion more than March exports of $173.4 billion. April imports were $1.0 billion less than March imports of $220.2 billion.

The March to April increase in exports of goods reflected increases in industrial supplies and materials ($2.0 billion); capital goods ($1.2 billion); and consumer goods ($0.3 billion). Decreases occurred in automotive vehicles, parts, and engines ($0.8 billion); other goods ($0.5 billion); and foods, feeds, and beverages ($0.2 billion).

The March to April decrease in imports of goods reflected decreases in automotive vehicles, parts, and engines ($2.8 billion) and industrial supplies and materials ($1.5 billion). Increases occurred in consumer goods ($2.1 billion); capital goods ($0.6 billion); foods, feeds, and beverages ($0.4 billion); and other goods ($0.2 billion).

TradingEconomics.com, U.S. Census Bureau
6/9/2011 1:47:28 PM