Imports & Exports Fall from March 2012, but Still Up for Year to April

The U.S. goods and services deficit was $50.1 billion in April 2012, up $6.5 billion from April 2011, according to the U.S. International Trade in Goods and Services Report, released on June 8 by the Census Bureau and the Bureau of Economic Analysis. The report showed that, as compared to March 2012 levels, exports were down $1.5 billion to $182.9 billion, and imports were down $4.1 billion to $233 billion. As compared to April 2011 totals, exports increased by 4.1% and imports by 6.3%. The U.S. trade deficit with China increased to $24.6 billion in April 2012, from $21.7 billion in March. Statement by Commerce Secretary Bryson available here. ITA fact sheet available here.