The U.S. goods and services trade deficit increased from $60.6 billion in March (revised) to $74.6 billion in April, as exports decreased and imports increased. The goods deficit increased $14.5 billion to $96.1 billion, and the services surplus increased $0.6 billion to $21.6 billion.
Exports of goods and services decreased $9.2 billion, or 3.6 percent, in April to $249.0 billion. Exports of goods decreased $9.4 billion, and exports of services increased $0.2 billion.
- The decrease in exports of goods reflected decreases in industrial supplies and materials ($6.1 billion) and in consumer goods ($1.7 billion).
- The increase in exports of services reflected increases in travel ($0.5 billion) and in other business services ($0.3 billion). Decreases in financial services ($0.2 billion) and in government goods and services ($0.2 billion) partly offset the increases.
Imports of goods and services increased $4.8 billion, or 1.5 percent, in April to $323.6 billion. Imports of goods increased $5.2 billion, and imports of services decreased $0.4 billion.
- The increase in imports of goods reflected increases in automotive vehicles, parts, and engines ($2.0 billion), in industrial supplies and materials ($1.9 billion), and in consumer goods ($1.8 billion).
- The decrease in imports of services reflected decreases in transport ($0.4 billion) and in travel ($0.2 billion).
Real, or inflation-adjusted, statistics are also available for trade in goods. The real goods deficit increased 16.5 percent in April, compared to a 17.7 percent nominal increase. Real exports of goods decreased 5.6 percent, compared to a 5.3 percent nominal decrease. Real imports of goods increased 2.4 percent, compared to a 2.1 percent nominal increase.
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