The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.9 billion in April, down $0.7 billion from $56.6 billion in March, revised.
| Deficit: | $55.9 Billion | –1.2%° |
| Exports: | $327.1 Billion | +2.6%° |
| Imports: | $383.0 Billion | +2.0%° |
|
Next release: Tuesday, July 7, 2026 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, June 9, 2026 |
||
Exports, Imports, and Balance (exhibit 1)
April exports were $327.1 billion, $8.3 billion more than March exports. April imports were $383.0 billion, $7.6 billion more than March imports.
The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.4 billion to $83.7 billion and a decrease in the services surplus of $1.7 billion to $27.8 billion.
Year-to-date, the goods and services deficit decreased $213.5 billion, or 49.1 percent, from the same period in 2025. Exports increased $128.2 billion or 11.3 percent. Imports decreased $85.3 billion or 5.5 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit increased $0.6 billion to $55.8 billion for the three months ending in April.
- Average exports increased $9.1 billion to $319.2 billion in April.
- Average imports increased $9.7 billion to $375.0 billion in April.
Year-over-year, the average goods and services deficit decreased $47.6 billion from the three months ending in April 2025.
- Average exports increased $34.4 billion from April 2025.
- Average imports decreased $13.3 billion from April 2025.
Exports (exhibits 3, 6, and 7)
Exports of goods increased $8.7 billion to $221.3 billion in April.
Exports of goods on a Census basis increased $8.0 billion.
- Capital goods increased $4.0 billion.
- Computers increased $2.5 billion.
- Civilian aircraft increased $1.0 billion.
- Industrial supplies and materials increased $2.5 billion.
- Crude oil increased $6.4 billion.
- Fuel oil increased $1.3 billion.
- Other petroleum products increased $1.0 billion.
- Nonmonetary gold decreased $5.8 billion.
- Other precious metals decreased $1.9 billion.
- Consumer goods increased $1.7 billion.
Net balance of payments adjustments increased $0.7 billion.
Exports of services decreased $0.4 billion to $105.8 billion in April.
- Travel decreased $0.3 billion.
- Transport decreased $0.2 billion.
- Maintenance and repair services decreased $0.2 billion.
- Other business services increased $0.2 billion.
Imports (exhibits 4, 6, and 8)
Imports of goods increased $6.4 billion to $304.9 billion in April.
Imports of goods on a Census basis increased $5.9 billion.
- Capital goods increased $7.0 billion.
- Computers increased $2.2 billion.
- Semiconductors increased $1.7 billion.
- Telecommunications equipment increased $1.6 billion.
Net balance of payments adjustments increased $0.4 billion.
Imports of services increased $1.3 billion to $78.0 billion in April.
- Transport increased $0.4 billion.
- Travel increased $0.4 billion.
- Insurance services increased $0.3 billion.
Real Goods in 2017 Dollars – Census Basis (exhibit 11)
The real goods deficit decreased $1.5 billion, or 1.8 percent, to $84.3 billion in April, compared to a 2.5 percent decrease in the nominal deficit.
- Real exports of goods increased $1.2 billion, or 0.7 percent, to $165.4 billion, compared to a 3.8 percent increase in nominal exports.
- Real imports of goods decreased $0.3 billion, or 0.1 percent, to $249.7 billion, compared to a 2.0 percent increase in nominal imports.
Revisions
Exports and imports of goods and services for all months through March 2026 shown in this release reflect the incorporation of annual revisions to the goods and services series. See the “Notice” in this release for a description of the revisions.
Revisions to March exports
- Exports of goods were revised down $0.9 billion.
- Exports of services were revised down $1.1 billion.
Revisions to March imports
- Imports of goods were revised down $3.6 billion.
- Imports of services were revised down $2.2 billion.
Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)
The April figures show surpluses, in billions of dollars, with Netherlands ($8.5), South and Central America ($7.8), Hong Kong ($6.1), Switzerland ($4.4), Singapore ($3.1), United Kingdom ($2.6), Brazil ($2.2), Australia ($2.1), Belgium ($1.4), and Israel ($0.1). Deficits were recorded, in billions of dollars, with Taiwan ($19.3), Vietnam ($19.3), Mexico ($14.8), China ($12.0), European Union ($7.2), Canada ($6.2), Germany ($5.6), South Korea ($4.7), Ireland ($2.9), Japan ($2.8), Malaysia ($2.6), India ($2.4), France ($2.4), Italy ($2.3), and Saudi Arabia (less than $0.1).
- The deficit with China decreased $2.6 billion to $12.0 billion in April. Exports decreased $0.2 billion to $10.1 billion and imports decreased $2.9 billion to $22.1 billion.
- The surplus with South and Central America increased $2.6 billion to $7.8 billion in April. Exports increased $2.1 billion to $21.6 billion and imports decreased $0.4 billion to $13.8 billion.
- The surplus with the United Kingdom decreased $3.8 billion to $2.6 billion in April. Exports decreased $4.3 billion to $7.8 billion and imports decreased $0.5 billion to $5.2 billion.
Goods and Services by Selected Countries and Areas: Quarterly – Balance of Payments Basis (exhibit 20)
Statistics on trade in goods and services by country and area are only available quarterly, with a one-month lag. With this release, first-quarter figures are now available.
The first-quarter figures show surpluses, in billions of dollars, with Netherlands ($26.4), United Kingdom ($22.6), Switzerland ($21.3), Hong Kong ($15.5), Singapore ($14.2), Brazil ($12.2), South and Central America ($10.4), Ireland ($9.4), European Union ($9.2), Australia ($9.2), Saudi Arabia ($4.6), and Belgium ($2.2). Deficits were recorded, in billions of dollars, with Taiwan ($59.1), Vietnam ($54.2), Mexico ($43.1), China ($30.4), South Korea ($15.7), Germany ($14.0), India ($11.1), Malaysia ($10.7), Japan ($9.5), Italy ($8.7), France ($5.6), Canada ($1.9), and Israel ($1.8).
- The balance with the European Union shifted from a deficit of $3.0 billion in the fourth quarter to a surplus of $9.2 billion in the first quarter. Exports increased $6.3 billion to $194.6 billion and imports decreased $5.9 billion to $185.4 billion.
- The surplus with Hong Kong increased $7.9 billion to $15.5 billion in the first quarter. Exports increased $8.2 billion to $20.4 billion and imports increased $0.3 billion to $4.8 billion.
- The deficit with Taiwan increased $7.5 billion to $59.1 billion in the first quarter. Exports increased $0.2 billion to $19.1 billion and imports increased $7.7 billion to $78.2 billion.
All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.
Next release: July 7, 2026
U.S. International Trade in Goods and Services, May 2026
Notice
Updates to Goods and Services
In this release and in the accompanying “U.S. International Trade in Goods and Services, Annual Revision” release, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) are publishing revised statistics on trade in goods and services. With these releases, statistics on trade in goods are revised beginning with 2021, and statistics on trade in services are revised beginning with 1999.
Revised statistics on trade in goods reflect:
- Corrections and adjustments to previously published not seasonally adjusted statistics for goods on a Census basis.
- End-use reclassifications of several commodities.
- Recalculated seasonal and trading-day adjustments.
- Newly available and revised source data on balance of payments (BOP) adjustments, which are adjustments that BEA applies to goods on a Census basis to convert them to a BOP basis. See the “Goods (balance of payments basis)” section in the explanatory notes for more information.
Revised statistics on trade in services reflect:
- Newly available and revised source data, primarily from BEA surveys of international services.
- Improvements to the method for estimating transport services.
- Corrections and adjustments to previously published not seasonally adjusted statistics.
- Recalculated seasonal adjustments.
- Revised temporal distributions of quarterly source data to monthly statistics. See the “Services” section in the explanatory notes for more information.
This annual revision generally has not changed the overall trend in the annual goods and services deficit. For 1999–2024, the deficit was revised down by an average of 3.2 percent, reflecting upward revisions to the services surplus that averaged 12.8 percent. For 2025, the deficit was revised up 2.2 percent, reflecting a 1.5 percent upward revision to the goods deficit.
The revised statistics for goods on a BOP basis and for services will also be included in the “U.S. International Transactions and Investment Position, 1st Quarter 2026 and Annual Update” report and in BEA’s Interactive Data Application, both to be released by BEA on June 24, 2026. For more information, see “Preview of the 2026 Annual Update of the International Economic Accounts” in the Survey of Current Business.
If you have questions or need additional information, please contact the Census Bureau, Economic Indicators Division, International Trade Macro Analysis Branch, on 800-549-0595, option 4, or at eid.international.trade.data@census.gov or BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.
