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Goods and Services Deficit Decreased in April 2019
The nation's international trade deficit in goods and services decreased to $50.8 billion in April from $51.9 billion in March (revised), as imports decreased more than exports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $50.8 billion in April, down $1.1 billion from $51.9 billion in March, revised.
Exports, Imports, and Balance
April exports were $206.8 billion, $4.6 billion less than March exports. April imports were $257.6 billion, $5.7 billion less than March imports. The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $1.0 billion to $71.7 billion and an increase in the services surplus of $0.1 billion to $20.9 billion. Year-to-date, the goods and services deficit increased $4.1 billion, or 2.0 percent, from the same period in 2018. Exports increased $8.3 billion or 1.0 percent. Imports increased $12.4 billion or 1.2 percent.
Three-Month Moving Averages (Exhibit 2)
The average goods and services deficit decreased $0.6 billion to $50.9 billion for the three months ending in April.
- Average exports decreased $0.2 billion to $209.3 billion in April.
- Average imports decreased $0.8 billion to $260.2 billion in April.
Year-over-year, the average goods and services deficit increased $1.2 billion from the three months ending in April 2018.
- Average exports increased $1.2 billion from April 2018.
- Average imports increased $2.3 billion from April 2018.
Posted: June 6, 2019 Thursday 08:30 AM