International Trade Released On 6/4/2013 8:30:00 AM For Apr, 2013 Prior Prior Revised Consensus Consensus Range Actual Trade Balance Level $-38.8 B $-37.1 B $-41.2 B $-43.5 B to $-37.0 B $-40.3 B Highlights The U.S. trade balance in April widened on a rise in imports-surprisingly for non-petroleum imports. The trade gap grew to $40.3 billion from $37.1 billion in March. The consensus forecast was for a deficit of $41.2 billion. Exports rose 1.2 percent after decreasing 1.0 percent in March. Imports rebounded 2.4 percent after declining 3.7 percent the month before.
The worsening in the trade gap was primarily due to the nonpetroleum goods deficit which expanded to $37.8 billion in April from $33.7 billion the month before. The petroleum deficit improved to $19.7 billion from $20.5 billion in March. The services surplus was unchanged at $18.3 billion.
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