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Friday, June 2, 2017 Services: Jeannine Aversa, (301) 278-9003 Goods: Mala Kline, (301) 763-2311 April 2017 Trade Gap is $47.6 Billion U.S. international trade in goods and services The U.S. monthly international trade deficit increased in April 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $45.3 billion in March (revised) to $47.6 billion in April, as exports decreased and imports increased. The previously published March deficit was $43.7 billion. The goods deficit increased $2.3 billion in April to $68.4 billion. The services surplus decreased less than $0.1 billion in April to $20.8 billion. Balance on Goods and Services Trade January 2008–April 2017 Billion $ -20 -30 -40 -50 -60 -70 -80 2008 2009 2010 U.S. Bureau of Economic Analysis U.S. Census Bureau 2011 2012 2013 2014 2015 2016 2017 Seasonally adjusted Exports Exports of goods and services decreased $0.5 billion, or 0.3% percent, in April to $191.0 billion. Exports of goods decreased $0.5 billion and exports of services increased $0.1 billion. The decrease in exports of goods mostly reflected decreases in consumer goods ($0.7 billion) and in automotive vehicles, parts, and engines ($0.5 billion). An increase in foods, feeds, and beverages ($0.6 billion) partly offset the decreases. The increase in exports of services mostly reflected an increase in travel (for all purposes including education) ($0.1 billion). Imports Imports of goods and services increased $1.9 billion, or 0.8% percent, in April to $238.6 billion. Imports of goods increased $1.8 billion and imports of services increased $0.1 billion. The increase in imports of goods mostly reflected increases in consumer goods ($1.9 billion) and in capital goods ($0.9 billion). A decrease in industrial supplies and materials ($1.5 billion) partly offset the increases. The increase in imports of services mostly reflected an increase in travel (for all purposes including education) ($0.1 billion). For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services: April 2017. BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic statistics for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the June 2 news release, U.S. International Trade in Goods and Services: April 2017, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is July 6, 2017.
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