The monthly U.S. trade deficit in goods and services fell slightly from March to April as imports and exports both increased again.
Imports of $383.0 billion in April were up 2.0 percent from March, and the U.S. saw a record value of imports from South Korea and Thailand. Imports of goods climbed 2.1 percent to $304.9 billion, with increases of $2.2 billion for computers, $1.7 billion for semiconductors, and $1.6 billion for telecom equipment, along with a decrease of $900 million for industrial supplies and materials. Services imports gained 1.7 percent to $78.0 billion.
Exports were up 2.6 percent to a $327.1 billion in April, with record exports to Mexico, the Netherlands, Japan, Singapore, India, Malaysia, and Vietnam. Exports of goods also hit a record, growing 3.8 percent to $221.3 billion, with increases of $6.4 billion for crude oil, $2.5 billion for computers, and $1.7 billion for consumer goods along with decreases of $5.8 billion for non-monetary gold and $1.9 billion for other precious metals. Services exports slipped 0.4 percent to $105.8 billion.
The monthly U.S. trade deficit decreased from $56.6 billion in March to $55.9 billion in April. The deficit in goods trade was down 2.8 percent to $83.7 billion while the services trade surplus fell 5.8 percent to $27.8 billion.
Year-to-date, the trade deficit in April was down 49.1 percent from a year earlier as imports fell 5.5 percent and exports increased 11.3 percent.
For the month of April, trade deficits and surpluses with major trading partners were as follows.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
Taiwan
|
$19.3 billion
|
-6.3
|
|
|
|
Vietnam
|
$19.3 billion
|
+0.5
|
|
|
|
Mexico
|
$14.8 billion
|
-9.8
|
|
|
|
China
|
$12.0 billion
|
-14.3
|
|
|
|
European Union
|
$7.2 billion
|
-21.7
|
|
|
|
Canada
|
$6.2 billion
|
+72.2
|
|
|
|
Germany
|
$5.6 billion
|
+12.0
|
|
|
|
South Korea
|
$4.7 billion
|
-2.1
|
|
|
|
Ireland
|
$2.9 billion
|
0
|
|
|
|
Japan
|
$2.8 billion
|
-31.7
|
|
|
|
Malaysia
|
$2.6 billion
|
-35.0
|
|
|
|
India
|
$2.4 billion
|
-36.8
|
|
|
|
France
|
$2.4 billion
|
n/a
|
|
|
|
Italy
|
$2.3 billion
|
0
|
|
|
|
Saudi Arabia
|
$0.1 billion
|
-85.7
|
|
|
|
Netherlands
|
|
|
$8.5 billion
|
+14.9
|
|
South/Central America
|
|
|
$7.8 billion
|
+56.0
|
|
Hong Kong
|
|
|
$6.1 billion
|
+5.2
|
|
Switzerland
|
|
|
$4.4 billion
|
+23.3
|
|
Singapore
|
|
|
$3.1 billion
|
+63.2
|
|
United Kingdom
|
|
|
$2.6 billion
|
-57.4
|
|
Brazil
|
|
|
$2.2 billion
|
+57.1
|
|
Australia
|
|
|
$2.1 billion
|
-4.5
|
|
Belgium
|
|
|
$1.4 billion
|
+133.3
|
|
Israel
|
|
|
$0.1 billion
|
Shift from $0.4 billion deficit
|
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