04 June 2017

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES April 2017

FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, Friday, June 2, 2017

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $47.6 billion in April, up $2.3 billion from $45.3 billion in March, revised.
April exports were $191.0 billion, $0.5 billion less than March exports. April imports were $238.6 billion, $1.9 billion more than March imports.
The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm 

The April increase in the goods and services deficit reflected an increase in the goods deficit
of $2.3 billion to $68.4 billion and a decrease in the services surplus of less than $0.1 billion
to $20.8 billion.
Year-to-date, the goods and services deficit increased $22.1 billion, or 13.4 percent, from the same
period in 2016. Exports increased $44.3 billion or 6.1 percent. Imports increased $66.4 billion or 7.5 percent.

Goods by Selected Countries and Areas:
Monthly – Census Basis (Exhibit 19)
  • The April figures show surpluses, in billions of dollars, with South and Central America ($2.7),Hong Kong ($2.0), Singapore ($0.9), Brazil ($0.3), and United Kingdom ($0.2).
  • Deficits were recorded, in billions of dollars, with China ($32.1), European Union ($13.2), Mexico ($6.4),Germany ($5.5), Japan ($5.0), Italy ($3.0), Canada ($2.6), India ($1.6), South Korea ($1.5),Taiwan ($1.3), France ($1.2), OPEC ($1.1), and Saudi Arabia ($0.2).
   * The deficit with Italy increased $1.0 billion to $3.0 billion in April. Exports decreased
     $0.2 billion to $1.4 billion and imports increased $0.8 billion to $4.4 billion.
   * The deficit with France increased $1.0 billion to $1.2 billion in April. Exports decreased
     $0.7 billion to $2.6 billion and imports increased $0.2 billion to $3.7 billion.

Goods and Services by Selected Countries and Areas:
Quarterly – Balance of Payments Basis (Exhibit 20)
  • The first quarter figures show surpluses, in billions of dollars, with South and Central America ($19.5), Hong Kong ($10.0), Brazil ($6.5), Singapore ($5.1), and United Kingdom ($3.2).
  • Deficits were recorded, in billions of dollars, with China ($81.9), European Union ($24.2), Mexico ($17.7), Germany ($17.2), Japan ($14.3), Italy ($7.3), India ($6.1), South Korea ($3.8), France ($2.8), Taiwan ($2.2), Canada ($1.2), Saudi Arabia ($0.5), and OPEC ($0.2).

   * The deficit with China increased $4.2 billion to $81.9 billion in the first quarter. Exports
     increased $0.6 billion to $45.4 billion and imports increased $4.8 billion to $127.3 billion.

   * The balance with Saudi Arabia shifted from a surplus of $2.0 billion to a deficit of $0.5
     billion in the first quarter. Exports decreased $0.2 billion to $6.6 billion and imports
     increased $2.3 billion to $7.1 billion.
 

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