The U.S. goods and services deficit was $47.6 billion in April, up $2.3 billion from the revised March figure of $45.3 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. April exports were $191.0 billion, $0.5 billion less than March exports. April imports were $238.6 billion, $1.9 billion more than March imports.
Year-over-year, the average goods and services deficit increased $5.6 billion from the three months ending in April 2016.
The April increase in the goods and services deficit reflected an increase in the goods deficit of $2.3 billion to $68.4 billion and a decrease in the services surplus of less than $0.1 billion to $20.8 billion. Year-to-date, the goods and services deficit increased $22.1 billion, or 13.4 percent, from the same period in 2016. Exports increased $44.3 billion or 6.1 percent. Imports increased $66.4 billion or 7.5 percent.
Exports of goods decreased $0.5 billion to $126.9 billion in April, primarily reflecting a decrease in consumer goods of $0.7 billion. Imports of goods increased $1.8 billion to $195.3 billion in April, primarily reflecting an increase in consumer goods of $1.9 billion.
