The US trade deficit rose in April from a more than three-year low, reflecting imports of consumer goods and business equipment and easing some concerns of a slowdown in economic growth.
The trade gap increased 8.5 per cent to $40.3bn following a downwardly revised March shortfall of $37.1bn, commerce department data showed on Tuesday. Economists surveyed by Bloomberg had expected a deficit of $41.2bn.
Imports of goods and services increased 2.4 per cent to $227.7bn, led by demand for consumer products including mobile phones, computers and cars. The rise was somewhat offset by the lowest value of petroleum imports since November 2010, at $29.6bn.
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