U.S. International Transactions, First Quarter 2022 and Annual Update
The U.S. current-account balance deficit widened 29.6% in the first quarter of 2022, wich reflected the increased of imports on goods. The déficit increased to 4.8% of current-dollar gross domestic product.
The first quarter was the seventh consecutive that increase the current-account deficit since the second quarter of 2020 as result of covid-19 pandemic.
The exports increased in industrial supplies and material, and primarily petroleum. And the imports increased in consumer and capital goods. In the other balances there is not significantly changes.