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Exports hit record high as US trade gap shrinks to $55.9 billion, boosting hopes of a positive contribution to economic growth
The US trade deficit narrowed in April as exports surged to an all-time high, raising hopes that trade could support economic growth in the current quarter after weighing on GDP for two consecutive quarters.
According to data released by the Commerce Department’s Bureau of Economic Analysis and the Census Bureau, the trade gap contracted 1.2 per cent to $55.9 billion in April. The March deficit was also revised lower to $56.6 billion from the previously reported $60.3 billion.
The improvement came as American exports jumped to a record level, signalling stronger overseas demand for US goods and services. Economists polled by Reuters had expected the trade deficit to narrow to $56.2 billion.
The latest figures suggest that if the export momentum continues, trade could provide a positive contribution to US economic growth in the second quarter.
First Published:
June 09, 2026, 19:24 IST
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