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June 11, 2018

U.S. international trade deficit deficit continued to drop in April

The U.S. Census Bureau announced that the country's goods and services trade deficit was $46.2 billion in April, down $1.0 billion from $47.2 billion in March.

April exports were $211.2 billion, $0.6 billion more than March exports. April imports were $257.4 billion, $0.4 billion less than March imports.

The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $1.0 billion to $68.3 billion and a decrease in the services surplus of less than $0.1 billion to $22.1 billion.

The April figures show surpluses, in billions of dollars, with South and Central America ($4.1), Hong Kong ($2.2), United Kingdom ($0.9), Singapore ($0.7), and Brazil ($0.6).

Deficits were recorded, in billions of dollars, with China ($30.8), European Union ($13.2), Mexico ($6.0), Japan ($5.9), Germany ($5.6), OPEC ($3.3), Italy ($2.4), India ($2.0), Canada ($1.7), France ($1.6), South Korea ($1.3), Taiwan ($1.1), and Saudi Arabia ($0.9).