Washington: The US goods and services deficit narrowed to $55.9 billion in April, showing a decrease of $0.7 billion from the $56.6 billion recorded in March.
According to Emirates News Agency, data released by the US Department of Commerce's Bureau of Economic Analysis (BEA) revealed that April exports rose by $8.3 billion from March, reaching a total of $327.1 billion. In the same period, imports grew by $7.6 billion compared to March, amounting to $383.0 billion.
The BEA highlighted that the April decrease was primarily due to a $2.4 billion reduction in the goods deficit, which fell to $83.7 billion. This reduction helped offset a $1.7 billion decline in the services surplus, which decreased to $27.8 billion.
Year-to-date figures showed a significant decrease in the goods and services deficit by $213.5 billion, or 49.1 percent, compared to the same period in 2025. This shift was attributed to an 11.3 percent year-on-year increase in exports, alongside a 5.5 percent annual drop in imports.