Trade deficit shrinks in April: report
ABJ - June 26 - Total April exports of $182.9 billion and imports of $233 billion resulted in a goods and services deficit of $50.1 billion, down from $52.6 billion in March, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce.
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.
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 ($600 million). Increases occurred in foods, feeds, and beverages ($700 million), automotive vehicles, parts, and engines ($400 million), and consumer goods ($200 million).
Exports of services decreased $100 million from March to April. The decrease was more than accounted for by a decrease in other private services, including business, professional, and technical services, insurance services, and financial services. Changes in the other categories of services exports were small.