(From U.S. Census Bureau):

Goods and Services

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced [June 10] that total April exports of $148.8 billion, and imports of $189.1 billion resulted in a goods and services deficit of $40.3 billion, up from $40.0 billion in March, revised. April exports were $1.0 billion less than March exports of $149.8 billion. April imports were $0.8 billion less than March imports of $189.9 billion.

In April, the goods deficit increased $0.1 billion from March to $52.5 billion, and the services surplus decreased $0.1 billion to $12.2 billion. Exports of goods decreased $1.1 billion to $104 billion, and imports of goods decreased $1 billion to $156.5 billion. Exports of services increased $0.1 billion to $44.8 billion, and imports of services increased $0.2 billion to $32.6 billion.

The goods and services deficit increased $11.8 billion from April 2009 to April 2010. Exports were up $24.7 billion, or 19.9 percent, and imports were up $36.5 billion, or 23.9 percent.

Goods (Census basis)

The March to April decrease in exports of goods reflected decreases in other goods ($0.8 billion); consumer goods ($0.7 billion); and foods, feeds, and beverages ($0.6 billion). Increases occurred in industrial supplies and materials ($0.6 billion) and automotive vehicles, parts and engines ($0.1 billion). Capital goods were virtually unchanged.

The March to April decrease in imports of goods reflected decreases in consumer goods ($1.7 billion); other goods ($0.5 billion); and automotive vehicles, parts, and engines ($0.2 billion). Increases occurred in capital goods ($1.4 billion) and industrial supplies and materials ($0.1 billion). Foods, feeds, and beverages were virtually unchanged.

The April 2009 to April 2010 increase in exports of goods reflected increases in industrial supplies and materials ($10.8 billion); capital goods ($4.9 billion); automotive vehicles, parts, and engines ($3.4 billion); consumer goods ($1.2 billion); other goods ($1.0 billion); and foods, feeds, and beverages ($0.3 billion).

The April 2009 to April 2010 increase in imports of goods reflected increases in industrial supplies and materials ($18.2 billion); automotive vehicles, parts, and engines ($6.9 billion); capital goods ($6.8 billion); consumer goods ($1.4 billion); and foods, feeds, and beverages ($0.7 billion). A decrease occurred in other goods ($0.1 billion).

Services

Services exports increased $0.1 billion from March to April. The increase was mostly accounted for by an increase in passenger fares. Changes in the other categories of services exports were small.

Services imports increased $0.2 billion from March to April. The increase was mostly accounted for by increases in other private services (which include items such as business, professional, and technical services, insurance services, and financial services) and passenger fares. Changes in the other categories of services imports were small.

Services exports increased $3.3 billion from April 2009 to April 2010. The largest increases were in other private services ($1.4 billion), royalties and license fees ($0.7 billion), and travel ($0.6 billion). Within other private services, the largest increase was in business, professional, and technical services.

Services imports increased $2.1 billion from April 2009 to April 2010. The largest increases were in other private services ($1.1 billion) and other transportation ($0.5 billion), which includes freight and port services. Within other private services, the largest increase was in business, professional, and technical services.

Goods and Services Moving Average

For the three months ending in April, exports of goods and services averaged $147.6 billion, while imports of goods and services averaged $187.8 billion, resulting in an average trade deficit of $40.2 billion. For the three months ending in March, the average trade deficit was $38.4 billion, reflecting average exports of $146.2 billion and average imports of $184.6 billion.

 

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