The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $87.1 billion in April, down $20.6 billion from $107.7 billion in March, revised.
April exports were $252.6 billion, $8.5 billion more than March exports. April imports were $339.7 billion, $12.1 billion less than March imports.
Exports increased and imports decreased in April.
Exports are up 22% year-over-year; imports are up 24% year-over-year.
The second graph shows the U.S. trade deficit, with and without petroleum.
Note that net, imports and exports of petroleum products are close to zero.
The trade deficit with China increased to $30.6 billion in April, from $25.5 billion a year ago.