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The US Foreign Trade Deficit Has Shrunk Dramatically
The foreign trade deficit in the USA decreased from 107.6 billion dollars to 87.08 billion dollars in April with the increase in exports
Yazar: James Gordon
Yayınlanma: 8 Haziran 2022 09:31
Güncellenme: 16 Kasım 2024 06:40
The US Foreign Trade Deficit Has Shrunk Dramatically
The foreign trade deficit in the USA decreased from 107.6 billion dollars to 87.08 billion dollars in April with the increase in exports and the decrease in imports. With these figures, the trade deficit narrowed greatly.
In the statement made by the US Department of Commerce, the foreign trade deficit decreased by $20.6 billion in April to $87.1 billion. The median estimate was $89.5 billion, according to survey data from expert economists. In this period, exports increased by 3.5 percent to a record level of 252.6 billion dollars. Imports fell 3.4 percent to $339.70 billion as economic activity in China fell to its lowest level since February 2020. While the inflation figure, which has reached the peak level of 40 years, is expected to put pressure on foreign trade this year, the World Trade Organization also decreased its forecasts for the global trade volume.İLGİLİ HABERLER
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