U.S. imports and exports both fell in April with the larger fall in imports leading to a narrowing of the U.S. trade deficit for the month.
According to Commerce Department figures released Friday, the U.S. exported some $182.9 billion in goods and services while imports were tallied at $233 billion, resulting in a trade deficit of $50.1 billion.
While the resulting overall trade deficit of $50.1 billion is lower than the $52.6 billion recorded in March, it remains higher than the $49.3 billion deficit level predicted by most economists.
Additionally, revisions to March figures put the trade deficit for that month at $52.6 billion, somewhat higher than the $51.8 billion initially reported.
Total exports for April fell $1.5 billion from March levels , with overall import levels falling $4.1 billion.
by RTT Staff Writer
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