With imports rising more than exports, the Commerce Department released a report on Friday showing that the U.S. trade deficit widened in the month of April.
The report said the trade deficit widened to $37.4 billion in April from a revised $35.5 billion in March. The deficit had been expected to widen to $41.0 billion from the $40.4 billion originally reported for the previous month.
The wider deficit reflected a jump in the value of imports, which surged up by 2.1 percent to $220.2 billion in April from $215.7 billion in March.
The Commerce Department pointed to notable increases in imports of capital goods and industrial supplies and materials.
Meanwhile, the report said the value of exports climbed by 1.5 percent to $182.8 billion in April from $180.2 billion in March.
Exports of industrial supplies and materials showed a significant increase, although exports of services edged lower.
The Commerce Department said the goods deficit widened to $58.8 billion, while the services surplus fell to $21.4 billion.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.