U.S. Imports, Exports And Trade Deficit Rise

June 10, 2005
The value of U.S. imports of goods and services rose to $163.382 billion in April as the value of exports increased to $106.42 billion, both at their highest levels of the year, the U.S. Commerce Department reported on June 10. The U.S. trade deficit ...

The value of U.S. imports of goods and services rose to $163.382 billion in April as the value of exports increased to $106.42 billion, both at their highest levels of the year, the U.S. Commerce Department reported on June 10. The U.S. trade deficit deepened in April to $56.963 billion from $53.562 in March, but was not a monthly record for the year. That distinction remains with February, when the trade deficit in goods and services was $60.117 billion.

The U.S. trade deficit with China, the largest with any single-nation trading partner, was $14.715 billion in April, up from $12.904 billion in March. The U.S. trade deficit with China for the first four months of 2005 totaled $56.745 billion.

Separately, the U.S. Labor Department reported on June 10 that the U.S. import price index fell 1.3% in May. The decline, a result of lower prices for both petroleum and non-petroleum imports, followed four consecutive months of increases. Prices for U.S. exports also decreased in May, declining one-tenth of a percentage point.

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