The US Census Bureau and the US 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.
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.
The April figures show surpluses, in billions of dollars, with South and Central America ($2.9), OPEC ($1.4), Brazil ($0.8), Saudi Arabia ($0.3), and Hong Kong (less than $0.1).
Deficits were recorded, in billions of dollars, with China ($26.0), European Union ($14.3), Germany ($4.0), Japan ($3.6), Mexico ($3.3), South Korea ($2.3), Taiwan ($2.2), Italy ($2.0), India ($1.9), France ($1.4), Singapore ($1.1), Canada ($0.4), and United Kingdom ($0.4).