USA: Trade Gap Narrows as Exports Hit New Record.

The US trade deficit narrowed to $55.9 billion in April 2026 from a revised $56.6 billion in March, beating market expectations of $56.1 billion. Exports rose 2.6% ($8.3 billion) to a record $327.1 billion, driven by higher sales of capital goods (up $4.0 billion, including computers and civilian aircraft), industrial supplies (up $2.5 billion, led by crude oil and petroleum products amid rising energy prices due to Middle East tensions), and consumer goods (up $1.7 billion). Service exports fell $0.4 billion, weighed down by declines in travel, transport, and maintenance services. Imports increased 2.0% ($7.6 billion) to $383.0 billion, the highest in one year, solely due to purchases of capital goods (up $7.0 billion), mostly computers, semiconductors, and telecommunications equipment. Imports of services increased $1.3 billion, driven by transport, travel, and insurance services.