US Trade Deficit Narrows as Exports Climb While Imports Decline

Source: Bureau of Economic Analysis

The United States’ international trade deficit narrowed in April, as the country posted higher exports while cutting back imports. QQQ is up 0.69%, while SPY is up 0.39%.

• The goods and services deficit stood at $87.1 billion in April, $20.6 billion lower than the $107.7-billion deficit recorded in March.
• The latest reading reflects the $19.1-billion decrease in the goods deficit to $107.7 billion and the $1.5-billion increase in the services surplus to $20.7 billion.
• Exports for the month increased to $252.6 billion, or $8.5 billion higher than the previous month.
• Imports stood at $339.7 billion, reflecting a $12.1-billion decline from the previous month.
• The year-to-date goods and services deficit increased by $107.9 billion or 41.1%, as exports climbed by $151.3 billion or 18.8%, while imports increased by $259.2 billion or 24.3%.