Research >> Economics
Goods and Services Deficit Decreased in April 2011
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The Nation’s international trade deficit in goods and services decreased to $43.7 billion in April from $46.8 billion (revised) in March, as exports increased and imports decreased.
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 $175.6 billion and imports of $219.2 billion resulted in a goods and services deficit of $43.7 billion, down from $46.8 billion in March, revised. April exports were $2.2 billion more than March exports of $173.4 billion. April imports were $1.0 billion less than March imports of $220.2 billion.
In April, the goods deficit decreased $3.0 billion from March to $58.1 billion, and the services surplus increased $0.2 billion to $14.4 billion. Exports of goods increased $2.0 billion to $126.4 billion, and imports of goods decreased $1.0 billion to $184.5 billion. Exports of services increased $0.2 billion to $49.1 billion, and imports of services remained virtually unchanged at $34.7 billion.
The goods and services deficit increased $2.2 billion from April 2010 to April 2011. Exports were up $27.8 billion, or 18.8 percent, and imports were up $30.0 billion, or 15.9 percent.
Posted: June 9, 2011 Thursday 08:30 AM