International Goods and Services Trade Deficit Increases for April
Due to increases in both exports and imports, the U.S. international trade deficit for goods and services increased to $40.3 billion in April, according to the Census Bureau and Bureau of Economic Analysis. This is an increase from March’s $37.1…
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billion goods and services deficit, the Bureau reported in the U.S. International Trade in Goods and Services Report for April 2013. Both exports and imports saw an increase from March to April, with exports increasing by $2.2 billion from March’s $185.2 billion, and imports increasing by an even wider margin of $5.4 billion from March’s $222.3 billion. The rise in imports included an increase in consumer goods of $3.0 billion, with smaller increases in other goods, capital goods, and automotive vehicles, parts and engines. There was also a $0.3 billion decrease in the importation of industrial supplies and materials, and $0.1 billion decrease in imported foods, feeds, and beverages. In the services category, exports increased by $0.4 billion and imports increased by $0.3 billion.