Jun 3, 201505:02 PMBlog
U.S. trade balance improved in April
The nation’s international trade deficit in goods and services decreased 10 percent to $40.9 billion in April from $50.6 billion in March (revised) as seen in this chart from the Census Bureau. Washington state stood third to California and Texas in the dollar value of exports shipped to other countries for the month.
Exports increased to $189.9 billion in April from $188.0 billion in March, with manufactured goods up almost $2 billion. Services exported were little changed for the month at $60.9 billion.
More deliveries of civilian airliners accounted for $1 billion of the April gain in capital goods exported, with telecommunications equipment up by $600 million over March.
Imports decreased to $230.8 billion in April from $238.6 billion in March, with both consumer goods, especially cell phones, down significantly over the month. and services lower in the more recent month.
The goods deficit with China dropped by almost $5 billion in April because shipments of U.S. soybeans declined, while consumer goods also trended lower.