The US Census Bureau and the US Bureau of Economic Analysis announced today that the goods and services deficit was $74.6 billion in April, up $14.0 billion from $60.6 billion in March, revised.
April exports were $249.0 billion, $9.2 billion less than March exports. April imports were $323.6 billion, $4.8 billion more than March imports. The April increase in the goods and services deficit reflected an increase in the goods deficit of $14.5 billion to $96.1 billion and an increase in the services surplus of $0.6 billion to $21.6 billion.
Year-to-date, the goods and services deficit decreased $86.5 billion, or 23.9 percent, from the same period in 2022. Exports increased $55.9 billion or 5.8 percent. Imports decreased $30.6 billion or 2.3 percent.
The April figures show surpluses, in billions of dollars, with Netherlands ($4.2), South and Central America ($4.1), Belgium ($1.9), Hong Kong ($1.6), Australia ($1.0), United Kingdom ($0.9), and Brazil ($0.7).
Deficits were recorded, in billions of dollars, with China ($24.2), European Union ($17.3), Mexico ($13.0), Vietnam ($8.5), Germany ($7.6), Japan ($6.8), Canada ($6.1), Ireland ($5.0), Switzerland ($4.5), South Korea ($4.3), Italy ($3.8), India ($3.5), Taiwan ($3.5), Malaysia ($2.3), France ($1.2), Singapore ($0.7), Israel ($0.6), and Saudi Arabia ($0.4).