The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $61.6 billion in April, down $76.7 billion from $138.3 billion in March.

April exports were $289.4 billion, $8.3 billion more than March exports. April imports were $351.0 billion, $68.4 billion less than March imports.

The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $75.2 billion to $87.4 billion and an increase in the services surplus of $1.5 billion to $25.8 billion.

Year-to-date, the goods and services deficit increased $179.3 billion, or 65.7 percent, from the same period in 2024. Exports increased $58.4 billion or 5.5 percent. Imports increased $237.8 billion or 17.8 percent.

The April figures show surpluses, in billions of dollars, with Hong Kong ($6.9), Netherlands ($4.8), United Kingdom ($4.3), Switzerland ($3.5), South and Central America ($3.3), Australia ($1.4), Singapore ($1.4), Brazil ($1.0), Saudi Arabia ($0.9), and Belgium ($0.9).

Deficits were recorded, in billions of dollars, with China ($19.7), European Union ($17.9), Vietnam ($14.5), Mexico ($13.5), Taiwan ($9.7), Ireland ($9.5), Japan ($5.8), Germany ($5.4), India ($5.3), South Korea ($3.3), Italy ($3.2), Canada ($2.6), Malaysia ($2.3), France ($1.9), and Israel ($0.9).

 

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