U.S Cuts Trade Deficit by $6.1 Billion in April

Source:  Bureau of Economic Analysis

U.S narrowed its international trade deficit to $68.9 billion in April, from $75 billion in March. DXY reacts to news +0.10%, SPY sheds -0.11%.

U.S exports in April jumped by $2.3 billion from March to reach $205.0 billion.

Imports in April slipped by $3.8 billion from March to $273.9 billion in April.

Overall year to date trade deficit rose 50.5% or $94.5 billion from the same period last year.

Year to date exports rose by 5.6% or $42.0 billion while imports gained by 14.6% or $136.4 billion.

On a three-month moving average, trade deficits increased by $0.6 billion to hit $71.5 billion.

Year over year trade deficit for the three months to April gained by $24.3 billion.

South and Central America led in U.S trade surpluses at $3.5 billion, while Washington also had surpluses in Hong Kong, Brazil, Singapore, U.K, and Saudi Arabia.

Trade deficits were noted the highest in China at $32.4 billion, followed by the EU at $16.1 billion, as well as Mexico, Japan, Germany, Taiwan, Canada, Italy, India, France, and South Korea.