Trade Deficit decreased to $61.6 Billion in April

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1 month ago

by Calculated Risk on 6/05/2025 08:50:00 AM

The Census Bureau and the Bureau of Economic Analysis reported:

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that
the goods and services deficit was $61.6 billion in April, down $76.7 billion from $138.3 billion in March,
revised.

April exports were $289.4 billion, $8.3 billion more than March exports. April imports were $351.0 billion,
$68.4 billion less than March imports.
emphasis added

Click on graph for larger image.

Exports increased and imports increased in April.

Exports were up 8.6% year-over-year; imports were up 3.4% year-over-year.

Imports increased sharply earlier this year as importers rushed to beat tariffs. Exports likely increased in April as foreign importers rushed to beat retaliatory tariffs.

The second graph shows the U.S. trade deficit, with and without petroleum.

The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

Note that net, exports of petroleum products are positive and have been increasing.

The trade deficit with China decreased to $17.2 billion from $20.1 billion a year ago.

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