Goods trade balance widens to $74.3B in May

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. 

Exports, Imports, and Balance
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. 

Year-to-date, the goods and services deficit decreased $26.0 billion, or 13.4 percent, from the same period in 2019. Exports decreased $79.8 billion or 9.5 percent. Imports decreased $105.8 billion or 10.2 percent.