U.S. Trade Deficit Narrows in April as Exports Surge

The United States goods trade deficit narrowed more than expected in April, driven by a surge in exports that more than offset a sharp rise in capital-goods imports.

The Commerce Department reported Friday that the goods trade deficit fell to $82.4 billion in April from $85.3 billion in March, below the $86.5 billion economists had forecast. Exports of goods rose 4.0 percent for the month to $219.7 billion, outpacing a 1.9 percent rise in imports to $302.1 billion.

Capital-goods imports rose 5.6 percent in April and were up 40.1 percent from a year earlier—an increase so large, and so concentrated in business equipment, that it points toward a…

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