Published: 2024-05-17T13:13:24.000Z
Preview: Due May 30 - U.S. April Advance Goods Trade Balance - Deficit trending higher
Senior Economist , North America
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We expect April’s advance goods trade deficit to sustain a slowly deteriorating trend, with the deficit rising to $93.0bn from $90.5bn, reaching its highest level since April 2023.
We expect similar percentage gains in exports, by 2.0%, and imports, by 1.9%, rebounding from declines of 3.0% and 1.6% respectively in March, but imports would then see the significantly larger rise in USD terms.
We expect growth in exports to outpace that of imports by more in volume terms, correcting from a steeper March decline, but import prices saw a larger rise than did export prices in March.
