US goods trade deficit narrows as exports surge

May 30, 2026 03:53 | News

The US trade deficit in goods ‌contracted in April as a ‌surge in exports more than ‌offset rising imports, a trend that if sustained could result in trade contributing to economic growth in the ‌second ‌quarter.

The ⁠goods trade gap narrowed ​3.4 per cent to $US82.4 billion ($A115.2 billion) last month, the Commerce Department’s Census Bureau said on Friday. 

Economists polled by Reuters had ⁠forecast ‌the ​goods trade deficit at $US86.5 billion.

Goods exports ​increased $US8.5 billion ‌to $US219.7 billion. 

Imports of goods rose $US5.6 ​billion to $US302.1 billion.

The trade deficit subtracted 1.25 percentage ​points ​from gross domestic ​product in the ‌first quarter. 

The economy of the United States grew at a 1.6 per cent annualised rate last quarter after expanding at ​a 0.5 per cent pace in the ​October-December quarter.

AAP News

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