The monthly U.S. trade deficit in goods and services jumped 8.7 percent in April as imports and exports both increased. Notably, the European Union knocked China from its longstanding position as the trading partner with which the U.S. has the largest monthly trade deficit.
Imports were up 2.4 percent, to $338.2 billion, from March to April. Imports of goods climbed 3.1 percent to $271.9 billion, with increases of $3.0 billion for passenger cars, $1.0 billion for computer accessories, and $700 million for crude oil. Services imports slid 0.2 percent to $66.3 billion.
Exports rose 0.8 percent in April to $263.7 billion. Exports of goods gained 1.3 percent to $172.7 billion, with increases of $1.1 billion for drugs, $600 million for electric apparatus, and $400 million for semiconductors along with a $1.1 billion decrease for industrial supplies and materials. Services exports edged down 0.2 percent to $90.9 billion.
With exports and imports both up, the monthly U.S. trade deficit jumped from $68.6 billion in March to $74.6 billion in April, the largest monthly total in about 18 months. The deficit in goods trade rose 6.3 percent to $99.2 billion while the services trade surplus was down 0.4 percent to $24.7 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
European Union
|
$22.5 billion
|
+14.8
|
|
|
|
China
|
$22.1 billion
|
-8.3
|
|
|
|
Mexico
|
$12.8 billion
|
-5.2
|
|
|
|
Vietnam
|
$9.6 billion
|
+6.7
|
|
|
|
Ireland
|
$8.7 billion
|
+29.9
|
|
|
|
Germany
|
$7.7 billion
|
+2.7
|
|
|
|
South Korea
|
$5.8 billion
|
+3.6
|
|
|
|
Japan
|
$5.8 billion
|
+9.4
|
|
|
|
Taiwan
|
$5.2 billion
|
-1.9
|
|
|
|
Canada
|
$5.0 billion
|
+31.6
|
|
|
|
Italy
|
$4.6 billion
|
+24.3
|
|
|
|
India
|
$4.0 billion
|
0
|
|
|
|
Malaysia
|
$2.3 billion
|
+15.0
|
|
|
|
Switzerland
|
$1.9 billion
|
+35.7
|
|
|
|
France
|
$1.4 billion
|
-17.6
|
|
|
|
Israel
|
$0.5 billion
|
-28.6
|
|
|
|
Saudi Arabia
|
$0.1 billion
|
0
|
|
|
|
South/Central America
|
|
|
$4.6 billion
|
+15.0
|
|
Netherlands
|
|
|
$4.4 billion
|
-18.5
|
|
Hong Kong
|
|
|
$1.5 billion
|
-31.8
|
|
Australia
|
|
|
$1.3 billion
|
-31.6
|
|
United Kingdom
|
|
|
$1.3 billion
|
+85.7
|
|
Brazil
|
|
|
$0.6 billion
|
0
|
|
Singapore
|
|
|
$0.4 billion
|
-50
|
|
Belgium
|
|
|
$0.3 billion
|
-57.1
|
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