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June 06, 2017

U.S. international trade deficit climbs to $47.6 billion in April

The U.S. Census Bureau reports that the country's goods and services trade deficit was $47.6 billion in April, up $2.3 billion from $45.3 billion in March.

April exports were $191.0 billion, $0.5 billion less than March exports. April imports were $238.6 billion, $1.9 billion more than March imports.

The April increase in the goods and services deficit reflected an increase in the goods deficit of $2.3 billion to $68.4 billion and a decrease in the services surplus of less than $0.1 billion to $20.8 billion.

The April figures show surpluses, in billions of dollars, with South and Central America ($2.7), Hong Kong ($2.0), Singapore ($0.9), Brazil ($0.3), and United Kingdom ($0.2).

Deficits were recorded, in billions of dollars, with China ($32.1), European Union ($13.2), Mexico ($6.4), Germany ($5.5), Japan ($5.0), Italy ($3.0), Canada ($2.6), India ($1.6), South Korea ($1.5), Taiwan ($1.3), France ($1.2), OPEC ($1.1), and Saudi Arabia ($0.2).