The Nation's international deficit in goods and services increased to $29.2 billion in April from $28.5 billion (revised) in March, as exports decreased more than imports.
Our trade problem can be summarized in one word: China. Imbalanced trade with China is responsible for over half (57%) of the overall U.S. trade deficit in April.
- The goods deficit with Canada increased from $0.8 billion in March to $1.2 billion in April. Exports decreased $0.7 billion (primarily pharmaceutical preparations) to $16.1 billion, while imports decreased $0.3 billion (primarily iron and steel mill products) to $17.3 billion.
- The goods deficit with China increased from $15.6 billion in March to $16.8 billion in April. Exports decreased $0.4 billion (primarily steelmaking materials) to $5.2 billion, while imports increased $0.7 billion (primarily apparel and furniture) to $21.9 billion.
- The goods deficit with the European Union increased from $4.4 billion in March to $5.3 billion in April. Exports decreased $2.0 billion (primarily civilian aircraft, engines, equipment, and parts) to $17.8 billion, while imports decreased $1.0 billion (primarily passenger cars, industrial machines, and petroleum products) to $23.2 billion.
Here is a list of the United States top trading partners. Notice how China jumps to the top of the list on imports.
Cruel oil in April 2009 was $14.1 Billion in imports, up from $12.5 Billion in March.
The imports from China in April were $22 Billion.