U.S. trade gap widens

U.S. trade gap widens

The Commerce Department said Monday the U.S. international trade balance was a record $48.33 billion in April.

The government said the nation's deficit increased from a revised shortfall of $46.57 billion in March, which was previously reported as a record $45.96 billion.

The trade gap was lifted as the nation's overseas sales of goods and services dropped and the cost of imported oil rose, although that was offset by a drop in the amount of oil imported.

The nation's international trade balance has posted a deficit almost continuously since the 1980s.

The government said U.S. exports fell 1.5 percent to $93.94 billion in April while imports rose 0.2 percent to $142.27 billion.