US foreign trade deficit at 19-month high
The US’s foreign trade deficit increased by 8.7 percent on a monthly basis in April to 74.6 billion dollars, reaching the highest level since October 2022.
According to foreign trade data for April announced by the US Department of Commerce, the country’s foreign trade deficit increased by 8.7 percent in April compared to the previous month, reaching 74.6 billion dollars.
Market expectation was that the foreign trade deficit would be 76.2 billion dollars in this period.
During this period, the foreign trade deficit of the USA, which reached its highest level since October 2022, was calculated as 68.6 billion dollars in March.
The country’s exports increased by 0.8 percent in April, reaching 263.7 billion dollars, and imports increased by 2.4 percent, reaching 338.2 billion dollars.
Decrease in foreign trade deficit with China
The US’s foreign trade deficit against China, with which it has sensitive relations, decreased in the said period. The country’s trade deficit with China decreased by approximately 10 percent in April compared to the previous month, falling to 22.1 billion dollars.
Other trade partners with which the USA has a deficit include the European Union ($22.5 billion), Mexico ($12.8 billion), Vietnam ($9.6 billion), Ireland ($8.7 billion), Germany (7.7 billion dollars). .7 billion dollars), Japan ($5.8 billion), South Korea ($5.8 billion), Taiwan ($5.2 billion), Canada ($5 billion), Italy ($4.6 billion), India ($4 billion), Malaysia ($2.3 billion), Switzerland ($1.9 billion), France ($1.4 billion), Israel ($500 million) and Saudi Arabia ($100 million). .
The countries where the country has a trade surplus are South and Central America ($4.6 billion), the Netherlands ($4.4 billion), Hong Kong ($1.5 billion), the United Kingdom ($1.3 billion), Australia (1.3 billion dollars). 3 billion dollars), Brazil ($600 million), Singapore ($400 million) and Belgium ($300 million).