Record U.S. Exports Shrink April Trade Deficit

Townhall.com Staff
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Posted: Jun 09, 2011 11:14 AM
The American trade deficit shrank unexpectedly in April after the United States sold $175.6 billion in goods and services overseas, the most exports on record, the government reported on Thursday.

The Department of Commerce report said that exports of goods were $126.4 billion and services $49.1 billion, while total imports were $219.2 billion, resulting in a trade deficit of $43.7 billion, the lowest since December. The deficit in March was revised down to $46.8 billion from $48.2 billion, the department said.

The gap had been forecast by some economists to widen to $48.8 billion.