The trade deficit in goods and services increased $3 billion to $47.2 billion in April. This reflects a decrease in exports by $0.3 billion to $193.3 billion, and an increase in imports of $2.7 billion to a $240.6 billion. Among the contributors for this record import number are record imports for four goods categories (in billions of dollars): capital goods ($48.6), consumer goods ($47.5), Automotive ($27.2), foods, feeds and beverages ($10.8). Check out our “Trade Highlights” page for more information.
Staying with the import theme, did you know that so far in 2014, China alone accounted for over 72% of U.S. imports of computers? More information on this can be found in our “Graph of the Month” page.
Lastly, as explained in last month’s blog, the following changes took effect this month:
More information on these changes can be found here.