Trade Deficit Widened by $14B in April

Washington, DC, June 7, 2023-The goods and services deficit was $74.6 billion in April, up $14.0 billion from $60.6 billion in March, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

April exports were $249.0 billion, $9.2 billion less than March exports. April imports were $323.6 billion, $4.8 billion more than March imports.

The April increase in the goods and services deficit reflected an increase in the goods deficit of $14.5 billion to $96.1 billion and an increase in the services surplus of $0.6 billion to $21.6 billion.

Year-to-date, the goods and services deficit decreased $86.5 billion, or 23.9%, from the same period in 2022. Exports increased $55.9 billion or 5.8%. Imports decreased $30.6 billion or 2.3%.