The U.S. trade deficit in goods and services fell 2.1 percent in April, according to trade statistics released June 6 by the Department of Commerce. The monthly deficit of $50.8 billion reflected a 2.2 percent decrease in exports to $206.8 billion and a 2.2 percent decrease in imports to $257.60 billion. For the year to date the deficit was down 2.0 percent from the same period in 2018 as a 1.2 percent increase in imports outpaced a 1.0 percent increase in exports.
The deficit in goods trade fell 1.4 percent to $71.7 billion in April. Imports of goods dropped 2.5 percent to $208.7 billion, including decreases of $900 million in semiconductors, $700 million in gem diamonds, and $600 million in passenger cars. Exports of goods were down 3.1 percent to $136.9 billion, including decreases of $2.3 billion in civilian aircraft and $400 million each in passenger cars and pharmaceutical preparations.
The services surplus edged up 0.5 percent to $20.9 billion. Imports were down 0.6 percent to $49.0 billion while exports slipped 0.3 percent to $69.9 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$29.4 billion
|
+3.9
|
|
|
|
European Union
|
$15.1 billion
|
-4.4
|
|
|
|
Mexico
|
$7.9 billion
|
-8.1
|
|
|
|
Japan
|
$6.5 billion
|
+6.2
|
|
|
|
Germany
|
$5.4 billion
|
-5.3
|
|
|
|
Italy
|
$3.1 billion
|
+10.7
|
|
|
|
Taiwan
|
$2.0 billion
|
0
|
|
|
|
France
|
$2.0 billion
|
+17.6
|
|
|
|
Canada
|
$1.8 billion
|
-14.3
|
|
|
|
South Korea
|
$1.5 billion
|
-16.7
|
|
|
|
India
|
$1.3 billion
|
-27.8
|
|
|
|
United Kingdom
|
$0.4 billion
|
+100.0
|
|
|
|
Saudi Arabia
|
$0.2 billion
|
Shift from $0.3 billion surplus
|
|
|
|
South/Central America
|
|
|
$4.2 billion
|
0
|
|
Hong Kong
|
|
|
$2.4 billion
|
0
|
|
Brazil
|
|
|
$0.9 billion
|
0
|
|
Singapore
|
|
|
$0.6 billion
|
+200.0
|
Copyright © 2023 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.