Home | News & Opinion | Trade gap explodes in April

Trade gap explodes in April

By
Font size: Decrease font Enlarge font
Trade gap explodes in April

Largest deficit in two years.

The Department of Commerce announced today that the US trade deficit increased 6.7% in April, rising to $47.2 billion – the largest gap since 2012.

Total April exports were $193.3 billion, and imports were $240.6 billion. April exports were $0.3 billion less than March exports of $193.7 billion. April imports were $2.7 billion more than March imports of $237.8 billion.

In April, the goods deficit increased $3.3 billion from March to $65.8 billion, and the services surplus increased $0.2 billion from March to $18.6 billion. Exports of goods decreased $0.6 billion to $135.1 billion, and imports of goods increased $2.7 billion to $200.9 billion. Exports of services increased $0.3 billion to $58.2 billion, and imports of services increased $0.1 billion to $39.7 billion.

Share this:

The goods and services deficit increased $6.8 billion from April 2013 to April 2014. Exports were up $5.6 billion, or 3.0%, and imports were up $12.4 billion, or 5.4%.

 

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha