Background

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 © 2020 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.

ST&R: International Trade Law & Policy

Since 1977, we have set the standard for international trade lawyers and consultants, providing comprehensive and effective customs, import and export services to clients worldwide.

View Our Services 

Close

Cookie Consent

We use cookies on our website. By continuing to use our website, you agree to the Privacy Policy and Terms of Use.