The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.9 billion in April, down $6.1 billion from $75.0 billion in March, revised.
COVID-19 Impact on International Trade in Goods and Services
The global pandemic and the economic recovery continued to impact international trade in April 2021. The full economic effects of the pandemic cannot be quantified in the statistics because the impacts are generally embedded in source data and cannot be separately identified.
Exports, Imports, and Balance (exhibit 1)
April exports were $205.0 billion, $2.3 billion more than March exports. April imports were $273.9 billion, $3.8 billion less than March imports.
The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $6.2 billion to $86.7 billion and a decrease in the services surplus of $0.1 billion to $17.8 billion.
Year-to-date, the goods and services deficit increased $94.5 billion, or 50.5 percent, from the same period in 2020. Exports increased $42.0 billion or 5.6 percent. Imports increased $136.4 billion or 14.6 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit increased $0.6 billion to $71.5 billion for the three months ending in April.
Average exports increased $3.9 billion to $198.7 billion in April.
Average imports increased $4.5 billion to $270.3 billion in April.
Year-over-year, the average goods and services deficit increased $24.3 billion from the three months ending in April 2020.
Average exports increased $17.9 billion from April 2020.
Average imports increased $42.2 billion from April 2020. Read More→
https://www.bea.gov/news/2021/us-international-trade-goods-and-services-april-2021
