There’s been a lot of talk lately about the U.S. trade deficit. Here are some…
There’s been a lot of talk lately about the U.S. trade deficit. Here are some actual numbers to shed light on the issue.
Basically, the U.S. imports more goods and services than it exports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis report that the goods and services deficit was $46.2 billion in April, down $1.0 billion from $47.2 billion in March, revised.
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.
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.
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.