Trade deficit drops despite declining exports
ABJ - June 14 - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, has announced that exports in April totalled $182.9 billion, while imports reached $233 billion, resulted in a goods and services deficit of $50.1 billion, down from $52.6 billion in March. April exports were $1.5 billion less than March exports of $184.4 billion. April imports were $4.1 billion less than March imports of $237.1 billion.
In April, the goods deficit decreased $2.7 billion from March to $64.8 billion, and the services surplus decreased $100 million from March to $14.8 billion. Exports of goods decreased $1.5 billion to $130.7 billion, and imports of goods decreased $4.1 billion to $195.5 billion. Exports of services decreased $100 million to $52.2 billion, and imports of services increased $100 million to $37.5 billion.
The goods and services deficit increased $6.5 billion from April 2011 to April of this year. Exports were up $7.2 billion, or 4.1 per cent, and imports were up $13.8 billion, or 6.3 per cent.
The March to April decrease in exports of goods reflected decreases in capital goods ($1.5 billion), industrial supplies and materials ($1 billion), and other goods ($0600 million). Increases occurred in foods, feeds, and beverages ($700 million), automotive vehicles, parts, and engines ($400 million), and consumer goods ($200 million).