FX.co ★ US Imports Tumble by 16.3%

In April 2025, imports of goods and services into the United States fell by 16.3% to $351 billion. This decline followed a surge to record levels in the previous month, driven by anticipation of new tariff announcements in April. Specifically, goods imports decreased by $68.9 billion, settling at $277.9 billion. The decline was attributed to reduced imports of pharmaceutical preparations, which dropped by $26.0 billion, cell phones and other household goods, down by $3.5 billion, finished metal shapes, which saw a decrease of $16.9 billion, other precious metals reduced by $1.1 billion, passenger cars down by $6.4 billion, and trucks, buses, and special-purpose vehicles, which fell by $1.1 billion. Meanwhile, imports of services bucked the trend, increasing by $0.5 billion to reach $73.1 billion in April.