Research >> Economics
Goods and Services Deficit Increased in April 2020
The nation's international trade deficit in goods and services increased to $49.4 billion in April from $42.3 billion in March (revised), as exports decreased more than imports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.4 billion in April, up $7.1 billion from $42.3 billion in March, revised.
Exports, Imports, and Balance
April exports were $151.3 billion, $38.9 billion less than March exports. April imports were $200.7 billion, $31.8 billion less than March imports. The April increase in the goods and services deficit reflected an increase in the goods deficit of $5.8 billion to $71.8 billion and a decrease in the services surplus of $1.3 billion to $22.4 billion. Year‐to‐date, the goods and services deficit decreased $26.0 billion, or 13.4 percent, from the same period in 2019. Exports decreased $79.8 billion or 9.5 percent. Imports decreased $105.8 billion or 10.2 percent.
Three‐Month Moving Averages
The average goods and services deficit increased $2.5 billion to $42.1 billion for the three months ending
- Average exports decreased $19.7 billion to $184.4 billion in April.
- Average imports decreased $17.3 billion to $226.5 billion in April.
Year‐over‐year, the average goods and services deficit decreased $6.3 billion from the three months
ending in April 2019.
- Average exports decreased $26.7 billion from April 2019.
- Average imports decreased $33.0 billion from April 2019.
Posted: June 4, 2020 Thursday 08:30 AM