June 4, 2020
The U.S. monthly international trade deficit increased in April 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.3 billion in March (revised) to $49.4 billion in April, as exports decreased more than imports. The previously published March deficit goods deficit increased $5.8 billion in April to $71.8 billion. The services surplus decreased $1.3 billion in April to $22.4 billion.
Exports
Exports of goods and services decreased $38.9 billion, or 20.5 percent, in April to $151.3 billion. Exports of goods decreased $32.2 billion and exports of services decreased $6.7 billion.
Exports of goods and services decreased $38.9 billion, or 20.5 percent, in April to $151.3 billion. Exports of goods decreased $32.2 billion and exports of services decreased $6.7 billion.
- The decrease in exports of goods reflected decreases in capital goods ($10.1 billion), in industrial supplies and materials ($9.1 billion), and in automotive vehicles, parts, and engines ($7.4 billion).
- The decrease in exports of services reflected decreases in travel ($3.4 billion) and in transport ($2.3 billion).
Imports
Imports of goods and services decreased $31.8 billion, or 13.7 percent, in April to $200.7 billion. Imports of goods decreased $26.4 billion and imports of services decreased $5.4 billion.
Imports of goods and services decreased $31.8 billion, or 13.7 percent, in April to $200.7 billion. Imports of goods decreased $26.4 billion and imports of services decreased $5.4 billion.
- The decrease in imports of goods reflected decreases in automotive vehicles, parts, and engines ($14.6 billion), in capital goods ($5.8 billion), and in consumer goods ($3.1 billion).
- The decrease in imports of services reflected decreases in travel ($2.9 billion) and in transport ($2.0 billion).
For more information, read the full report.