Research >> Economics
Goods and Services Deficit Decreased in April 2021
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The nation's international trade deficit in goods and services decreased to $68.9 billion in April from $75.0 billion in March (revised), as imports decreased and exports increased. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.9 billion in April, down $6.1 billion from $75.0 billion in March, revised.
Exports, Imports, and Balance
April exports were $205.0 billion, $2.3 billion more than March exports. April imports were $273.9 billion, $3.8 billion less than March imports. The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $6.2 billion to $86.7 billion and a decrease in the services surplus of $0.1 billion to $17.8 billion. Year-to-date, the goods and services deficit increased $94.5 billion, or 50.5 percent, from the same period in 2020. Exports increased $42.0 billion or 5.6 percent. Imports increased $136.4 billion or 14.6 percent.
Three-Month Moving Averages
The average goods and services deficit increased $0.6 billion to $71.5 billion for the three months ending in April.
• Average exports increased $3.9 billion to $198.7 billion in April.
• Average imports increased $4.5 billion to $270.3 billion in April.
Year-over-year, the average goods and services deficit increased $24.3 billion from the three months ending in April 2020.
• Average exports increased $17.9 billion from April 2020.
• Average imports increased $42.2 billion from April 2020.
Posted: June 8, 2021 Tuesday 08:30 AM