The U.S. monthly international trade deficit increased in April 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $37.1 billion (revised) in March to $40.3 billion in April as imports increased more than exports. The previously published March deficit was $38.8 billion. The goods deficit increased $3.2 billion from March to $58.6 billion in April; the services surplus increased $0.1 billion from March to $18.3 billion.
Exports
Exports of goods and services increased $2.2 billion in April to $187.4 billion mostly reflecting an increase in exports of goods. Exports of services also increased.
- The largest increases in exports of goods were in consumer goods and in capital goods.
- The largest increases in exports of services were in other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, and in travel.
- Imports
Imports of goods and services increased $5.4 billion in April to $227.7 billion mostly reflecting an increase in imports of goods. Imports of services also increased.
- The largest increases in imports of goods were in consumer goods, in automotive vehicles, parts, and engines, and in capital goods.
- The largest increases in imports of services were in other transportation, which includes freight and port services, and in travel.
Goods by geographic area (not seasonally adjusted)
- The goods deficit with the European Union increased from $9.9 billion in March to $12.4 billion in April. Exports decreased $1.8 billion to $21.1 billion, while imports increased $0.7 billion to $33.6 billion.
- The goods deficit with China increased from $17.9 billion in March to $24.1 billion in April. Exports decreased $0.4 billion to $9.0 billion, while imports increased $5.8 billion to $33.1 billion.
- The goods deficit with Mexico decreased from $5.3 billion in March to $4.4 billion in April. Exports increased $1.9 billion to $19.9 billion, while imports increased $1.1 billion to $24.3 billion.
To learn more about U.S. international trade in goods and services, read the full report.