The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.4 billion in April, up $7.1 billion from $42.3 billion in March, revised.
U.S. International Trade in Goods and Services Deficit
| Deficit: | $49.4 Billion | +16.7%° |
| Exports: | $151.3 Billion | -20.5%° |
| Imports: | $200.7 Billion | -13.7%° |
Next release: July 2, 2020
(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes
Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, June 4, 2020
|
Coronavirus (COVID-19) Impact on April 2020 International Trade in Goods and Services
The declines in exports and imports that continued in April were, in part, due to the impact of COVID-19, as many businesses were operating at limited capacity or ceased operations completely, and the movement of travelers across borders was restricted. The full economic effects of the COVID-19 pandemic cannot be quantified in the trade statistics for April because the impacts are generally embedded in source data and cannot be separately identified. The Census Bureau and the Bureau of Economic Analysis have monitored data quality and determined estimates in this release meet publication standards. For more information on the impact of COVID-19 on the statistics, see the frequently asked questions on
goods from the Census Bureau and on
services from BEA.
Exports, Imports, and Balance (exhibit 1)
April exports were $151.3 billion, $38.9 billion less than March exports. April imports were $200.7 billion, $31.8 billion less than March imports.
The April increase in the goods and services deficit reflected an increase in the goods deficit of $5.8 billion to $71.8 billion and a decrease in the services surplus of $1.3 billion to $22.4 billion.
. . .Though officials did not say when that cloud will be first launched, they said that it will “transform” how Australian intelligences wo...