Goods & Services Deficit Declined $20.6B in April

Washington, DC, June 7, 2022-The goods and services deficit was $87.1 billion in April, down $20.6 billion from $107.7 billion in March, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

April exports were $252.6 billion, $8.5 billion more than March exports. April imports were $339.7 billion, $12.1 billion less than March imports.

The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $19.1 billion to $107.7 billion and an increase in the services surplus of $1.5 billion to $20.7 billion.

Year-to-date, the goods and services deficit increased $107.9 billion, or 41.1%, from the same period in 2021. Exports increased $151.3 billion or 18.8%. Imports increased $259.2 billion or 24.3%.