FX.co ★ US Trade Gap Narrows Sharply to 2023-Lows

In April 2025, the U.S. trade deficit significantly decreased to $61.6 billion, marking its lowest level since August 2023. This figure contrasts sharply with the $138.3 billion deficit recorded in March. Imports fell by 16.3% to $351 billion, reaching a six-month low following a surge to a record high of $419.4 billion in the previous month. This surge was largely due to the anticipation of additional tariff announcements in April. Notable reductions in imports were observed in categories such as pharmaceutical preparations, finished metal shapes, passenger vehicles, cell phones, and other household items. On the export side, there was a 3% increase to a historic high of $289.4 billion, driven by strong sales in finished metal shapes, nonmonetary gold, and computers. The U.S. recorded its largest trade deficit with China, amounting to $19.7 billion, although this represents a significant decrease from the $24.2 billion deficit in March. Additionally, the trade imbalance with the European Union fell sharply to $17.9 billion, down from $48 billion, while the deficit with Vietnam showed a slight increase, rising to $14.5 billion from $14 billion.