Research >> Economics
Goods and Services Deficit Decreased in April 2012
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The Nation’s international trade deficit in goods and services decreased to $50.1 billion in April from $52.6 billion in March (revised), as imports decreased more than exports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total April exports of $182.9 billion and imports of $233.0 billion resulted in a goods and services deficit of $50.1 billion, down from $52.6 billion in March, revised. 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 $0.1 billion 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 $0.1 billion to $52.2 billion, and imports of services increased $0.1 billion to $37.5 billion.
The goods and services deficit increased $6.5 billion from April 2011 to April 2012. Exports were up $7.2 billion, or 4.1 percent, and imports were up $13.8 billion, or 6.3 percent.
Posted: June 8, 2012 Friday 08:30 AM