US Exports, a victim of deteriorating global demand, fell to its lowest level in April since mid-2006. Having slipped in eight of the past nine months, total exports in April stand at US$ 121.1B, a 2.3% drop from March. Exports to almost all of the United States’ major trading partners declined, including Japan where exports dived to a 15 year LO.
Machinery as well as motor vehicles and parts suffered heavy losses in sales to foreign markets. This contributed to the widening of the U.S. trade deficit for the second straight month by 2.2% to US$ 29.2B.
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