“The goods and services deficit was $46.2 billion in April, down $1.0 billion from $47.2 billion in March, revised,” the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced on Wednesday.
Key takeaways from the press release
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April exports were $211.2 billion, $0.6 billion more than March exports. April imports were $257.4 billion, $0.4 billion less than March imports.
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The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $1.0 billion to $68.3 billion and a decrease in the services surplus of less than $0.1 billion to $22.1 billion.
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Year-to-date, the goods and services deficit increased $20.8 billion, or 11.5 percent, from the same period in 2017. Exports increased $62.0 billion or 8.1 percent. Imports increased $82.8 billion or 8.7 percent.
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