U.S. International Trade in Goods and Services, April 2025

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.6 billion in April, down $76.7 billion from $138.3 billion in March, revised.

Exports, Imports, and Balance (exhibit 1)

April exports were $289.4 billion, $8.3 billion more than March exports. April imports were $351.0 billion, $68.4 billion less than March imports.

The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $75.2 billion to $87.4 billion and an increase in the services surplus of $1.5 billion to $25.8 billion.

Year-to-date, the goods and services deficit increased $179.3 billion, or 65.7 percent, from the same period in 2024. Exports increased $58.4 billion or 5.5 percent. Imports increased $237.8 billion or 17.8 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit decreased $22.9 billion to $107.3 billion for the three months ending in April.

• Average exports increased $5.6 billion to $283.0 billion in April.
• Average imports decreased $17.2 billion to $390.4 billion in April.

Year-over-year, the average goods and services deficit increased $38.7 billion from the three months ending in April 2024.

• Average exports increased $15.9 billion from April 2024.
• Average imports increased $54.6 billion from April 2024.

Exports (exhibits 3, 6, and 7)

Exports of goods increased $6.2 billion to $190.5 billion in April.

Exports of goods on a Census basis increased $6.3 billion.

• Industrial supplies and materials increased $10.4 billion.
  • Finished metal shapes increased $8.1 billion.
  • Nonmonetary gold increased $4.2 billion.
  • Crude oil decreased $1.1 billion.
• Capital goods increased $1.0 billion.
  • Computers increased $1.0 billion.
• Automotive vehicles, parts, and engines decreased $3.3 billion.
  • Passenger cars decreased $1.7 billion.
  • Trucks, buses, and special purpose vehicles decreased $1.0 billion.

Net balance of payments adjustments decreased $0.1 billion.

Exports of services increased $2.1 billion to $98.9 billion in April.

• Travel increased $1.4 billion.

Imports (exhibits 4, 6, and 8)

Imports of goods decreased $68.9 billion to $277.9 billion in April.

Imports of goods on a Census basis decreased $68.7 billion.

• Consumer goods decreased $33.0 billion.
  • Pharmaceutical preparations decreased $26.0 billion..
  • Cell phones and other household goods decreased $3.5 billion.
• Industrial supplies and materials decreased $23.3 billion.
  • Finished metal shapes decreased $16.9 billion.
  • Other precious metals decreased $1.1 billion.
• Automotive vehicles, parts, and engines decreased $8.3 billion.
  • Passenger cars decreased $6.4 billion.
  • Trucks, buses, and special purpose vehicles decreased $1.1 billion.

Net balance of payments adjustments decreased $0.3 billion.

Imports of services increased $0.5 billion to $73.1 billion in April.

• Travel increased $0.3 billion.
• Other business services increased $0.2 billion.
• Transport decreased $0.5 billion.

Real Goods in 2017 Dollars - Census Basis (exhibit 11)

The real goods deficit decreased $64.4 billion, or 42.9 percent, to $85.6 billion in April, compared to a 46.3 percent decrease in the nominal deficit.

• Real exports of goods increased $4.6 billion, or 3.1 percent, to $155.6 billion, compared to a 3.5 percent increase in nominal exports.
• Real imports of goods decreased $59.8 billion, or 19.9 percent, to $241.2 billion, compared to a 19.9 percent decrease in nominal imports.

Revisions

Exports and imports of goods and services for all months through March 2025 shown in this release reflect the incorporation of annual revisions to the goods and services series. See the "Notice" in this release for a description of the revisions.

Revisions to March exports

• Exports of goods were revised up $1.0 billion.
• Exports of services were revised up $1.6 billion.

Revisions to March imports

• Imports of goods were revised up $0.1 billion.
• Imports of services were revised up $0.4 billion.

Goods by Selected Countries and Areas: Monthly - Census Basis (exhibit 19)

The April figures show surpluses, in billions of dollars, with Hong Kong ($6.9), Netherlands ($4.8), United Kingdom ($4.3), Switzerland ($3.5), South and Central America ($3.3), Australia ($1.4), Singapore ($1.4), Brazil ($1.0), Saudi Arabia ($0.9), and Belgium ($0.9). Deficits were recorded, in billions of dollars, with China ($19.7), European Union ($17.9), Vietnam ($14.5), Mexico ($13.5), Taiwan ($9.7), Ireland ($9.5), Japan ($5.8), Germany ($5.4), India ($5.3), South Korea ($3.3), Italy ($3.2), Canada ($2.6), Malaysia ($2.3), France ($1.9), and Israel ($0.9).

• The deficit with Ireland decreased $19.9 billion to $9.5 billion in April. Exports increased less than $0.1 billion to $1.4 billion and imports decreased $19.9 billion to $10.9 billion.
• The balance with Switzerland shifted from a deficit of $15.4 billion in March to a surplus of $3.5 billion in April. Exports increased $5.6 billion to $9.1 billion and imports decreased $13.4 billion to $5.6 billion.
• The deficit with Taiwan increased $0.7 billion to $9.7 billion in April. Exports increased $0.7 billion to $5.0 billion and imports increased $1.4 billion to $14.6 billion.

Goods and Services by Selected Countries and Areas: Quarterly - Balance of Payments Basis (exhibit 20)

Statistics on trade in goods and services by country and area are only available quarterly, with a one-month lag. With this release, first-quarter figures are now available.

The first-quarter figures show surpluses, in billions of dollars, with Netherlands ($18.1), South and Central America ($15.5), Brazil ($7.2), United Kingdom ($5.9), Singapore ($4.2), Hong Kong ($4.0), Saudi Arabia ($2.6), and Belgium ($1.0). Deficits were recorded, in billions of dollars, with European Union ($82.1), China ($71.1), Switzerland ($52.0), Mexico ($49.2), Ireland ($42.2), Vietnam ($39.1), Taiwan ($25.4), Germany ($24.0), India ($18.8), Japan ($17.0), Canada ($16.0), Italy ($14.3), South Korea ($13.9), Malaysia ($8.4), France ($7.0), Israel ($2.5), and Australia ($1.7).

• The deficit with the European Union increased $44.6 billion to $82.1 billion in the first quarter. Exports increased $3.8 billion to $172.1 billion and imports increased $48.4 billion to $254.1 billion.
• The deficit with Switzerland increased $40.6 billion to $52.0 billion in the first quarter. Exports increased $0.6 billion to $23.4 billion and imports increased $41.2 billion to $75.3 billion.
• The surplus with South and Central America increased $1.8 billion to $15.5 billion in the first quarter. Exports increased $2.7 billion to $94.7 billion and imports increased $0.9 billion to $79.2 billion.

All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at https://www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau's Economic Briefing Room at https://www.census.gov/economic-indicators/ or on BEA's website at https://www.bea.gov/news/schedule.

Next release: July 3, 2025, at 8:30 a.m. EDT
U.S. International Trade in Goods and Services, May 2025