Market Updates
Trade Deficit In April Narrows After Imports Drop
Brian Turner
07 Jun, 2022
New York City
The U.S. trade deficit in April declined to $87.1 billion from the revised $107.7 billion deficit in March.
The first estimate of deficit in March was $109.8 billion.
The goods deficit decreased $19.1 billion in April to $107.7 billion and the services surplus increased $1.5 billion to $20.7 billion.
Exports of goods and services rose 3.5% to $252.6 billion and imports declined 3.4% to $339.7 billion.
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