US goods trade deficit at $87.6B in April

By Gokhan Ergocun

ISTANBUL (AA) - The US goods trade deficit fell 46% from the previous month to $87.6 billion in April, the US Department of Commerce announced on Friday.

The goods trade deficit, which was significantly below market expectations of $142.8 billion during this period, had reached a record high of $162.3 billion in March.

In April, goods exports increased by $6.3 billion to $188.5 billion, while goods imports decreased by $68.4 billion to $276.1 billion, versus March.

During the same period, the value of wholesale inventories remained unchanged month-on-month at $906.9 billion.