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.
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