U.S. goods and services deficit hit $37.4 billion in April

The U.S. Census Bureau reports that the goods and services deficit was $37.4 billion in April, up $1.9 billion from $35.5 billion in March.

April exports were $182.8 billion, $2.6 billion more than March exports. April imports were $220.2 billion, $4.5 billion more than March imports.

The April increase in the goods and services deficit reflected an increase in the goods deficit of $1.4 billion to $58.8 billion and a decrease in the services surplus of $0.5 billion to $21.4 billion.

The April figures show surpluses, in billions of dollars, with South and Central America ($2.9), Hong Kong ($1.6), Singapore ($0.9), United Kingdom ($0.7), OPEC ($0.5), Brazil ($0.4), and Saudi Arabia ($0.3).

Deficits were recorded, in billions of dollars, with China ($26.6), European Union ($11.8), Japan ($6.0), Germany ($5.8), Mexico ($5.1), South Korea ($3.0), Italy ($2.5), France ($1.7), India ($1.6), Taiwan ($1.1), and Canada ($0.1).

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