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U.S. Trade Deficit Gained In April
Tuesday, 10-Jun-2008 11:34AM AP
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United Press International U.S. imports and exports both increased in April, but left the country with a deficit of $60.9 billion, the Bureau of Economic Analysis said Tuesday.

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The deficit was an increase over the March import-export deficit of $56.5 billion, the bureau reported.

In April, U.S. exports stood at $155.5 billion, a $5 billion increase over March. Imports, at $216.5 billion, increased over March by $9.4 billion.

The goods deficit rose by $4.5 billion to $72.9 billion during the month, while the services surplus gained $0.1 billion to $12 billion, the report said.

Broken down to specific traders, the United States in April showed a surplus of $1.4 billion with Hong Kong, $1.4 billion with Singapore and $0.8 billion with Australia.

Deficits were registered with China, the European Union, Japan, Canada and several oil-exporting entities, including the Organization of Petroleum Exporting Countries, Mexico, Nigeria, and Venezuela.

For the past three months, the average U.S. import-export deficit has been $59.3 billion.

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