On Tuesday, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $68.9 billion in April, down $6.1 billion from $75 billion in March.
April exports were $205.0 billion, which were $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%, from the same period a year ago. Exports increased $42.0 billion or 5.6%. Imports increased $136.4 billion or 14.6%.
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