The April US trade deficit increased to $47.2 billion from $44.2 billion in March, according to data published in Thursday by the Department of Commerce. April exports of goods and services at $193.3 billion were $0.3 billion down on March, while imports increased by $2.7 billion to $240.6 billion.
The trade deficit in goods rose by $3.3 billion in March to $65.8 billion, while the services surplus increased $0.2 billion to $18.6 billion.
Goods exports fell by $0.6 billion to $135 billion, while imports rose $2.7 billion to $200.9 billion.
Services exports grew $0.3 billion to $58.2 billion, while imports increased by $0.1 billion to $39.7 billion.
Over the 12-month period through April 2014, the goods and services deficit rose $6.8 billion. Exports increased $5.6 billion (3%) while imports rose $12,4 billion (5.4%).
Trade in goods
The March-to-April decline in the exports of goods were broken down as follows:
- Capital goods: -$0.3% billion,
- Foods, feeds and beverages: -$0.3 billion,
- Automotive vehicles, parts and engines: -$0.2 billion,
- Consumer goods: $0.1 billion,
- Industrial supplies & materials: +$0.2 billion,
- Other goods: +$0.1 billion.
The March-to-April rise in the imports of goods were broken down as follows:
- Consumer goods: +$1.1 billion,
- Automotive vehicles, parts and engines: +$0.9 billion,
- Capital goods: +$0.8 billion,
- Other goods: +$0.3 billion,
- Foods, feeds & beverages: +$0.2 billion,
- Supplies & materials: -$0.3 billion.
The April 2013 to April 2014 rise in the exports of goods were broken down as follows:
- Capital goods: $1.6 billion,
- Foods, feeds & beverages: +$1.5 billion,
- Other goods: +$0.6 billion,
- Industrial supplies and materials: +$0.3 billion,
- Consumer goods: -$0.4 billion,
- Automotive vehicles, parts & engines: no significant change.
The April 2013 to April 2014 increase in the imports of goods were broken down as follows:
- Consumer goods: +$3.2 billion,
- Capital goods: +$3.2 billion,
- Automotive vehicles, parts and engines: +$1.9 billion,
- Foods, feeds & beverages: +$1.2 billion,
- Industrial supplies & materials: +$0.9 billion
- Other goods: +$0.3 billion.
Trade in services
The $0.3 billion March-to-April rise in the exports of services were broken down as follows:
- Financial services: +$0.1 billion,
- Transport: +$0.1 billion,
- Changes in other categories were not significant.
The $0.1 billion March-to-April rise in the imports of services had no categories with increases of $0.1 billion or more.
The $1.8 billion (3.2%) rise in April 2013 to April 2014 services exports was mainly driven by travel (+$0.7 billion), maintenance and repair services (+$0.4 billion) and transport (+$0.3 billion).
The $1.6 billion (4.2%) rise in April 2013 to April 2014 services imports was mainly due to other business services (+$0.8 billion), travel (+$0.4 billion), and transport (+$0.4 billion).
(Source: US Department of Commerce)
Trade deficit/Surpluses with countries
April surpluses in goods were registered with:
- Hong Kong: +42.7 billion,
- Australia: +$1.4 billion,
- Brazil: +$1.1 billion,
- Singapore: +$0.9 billion.
April deficits in goods were registered with:
- China: -$27.3 billion,
- European Union:-$14 billion,
- Germany: -$7 billion,
- OPEC: -$6.7 billion,
- Japan: -$6 billion,
- Mexico: -$4.6 billion,
- Saudi Arabia: -$4.2 billion,
- India: -$3.1 billion,
- Canada: -$2.7 billion,
- Ireland: -$2.6 billion,
- S. Korea: -$2.3 billion,
- Venezuela: -$2 billion.
US March trade deficit had registered a decline.