The Nation’s international trade deficit in goods and services increased to $40.3 billion in April from $37.1 billion (revised) in March, as imports increased more than exports. (June 4, 2013)
April 2013 Trade Highlights
In addition to the monthly U.S. Trade in Goods and Services report, the April release includes the 2012 Annual Revisions. However, unlike prior annual revisions, the scope of the 2012 Annual Revisions was expanded to revise back three years as opposed to one. In other words, that means 2010, 2011, and 2012 statistics were revised. Therefore, there is potential for substantial impact on specific commodity level and other detailed Census products.
For instance, the Graph of the Month for April highlights the impact the 2012 Annual Revisions on selected exports of goods by Enduse categories for 2011 and 2012, depicted by old and new for the trade numbers before Annual Revisions, old, and after Annual Revisions, new. The depicted categories were selected to best illustrate the impact of the 2012 Annual Revisions. Notably, the revisions increased 2012 nonmonetary gold exports by $291 million and decreased 2011 nonmonetary gold exports by $160 million.
Deficit: $40.3 Billion
Exports: $187.4 Billion
Imports: $227.7 Billion
Next release: July 3, 2013
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