U.S. Commerce data showed exports climbed 2.6 percent in April, reaching $327.1 billion. The surge stemmed largely from higher shipments of oil and petroleum products as the Strait of Hormuz closure tightened global supply. Analysts note the war with Iran lifted American energy sales, narrowing the trade gap for the first time in months. The increase also lifted the services balance, posting modest gains as tourism rebounded.

Imports rose 2 percent to $383 billion, driven by a rush on electronics for data‑center expansion. The combined effect trimmed the monthly trade deficit to $55.9 billion, a 1.2 percent dip. Semiconductor and cloud demand bolstered imports, softening tariff‑induced cost hikes. Policymakers watch the balance closely as tariff policy remains in flux, with Section 122’s 10 percent duty set to expire in July unless Congress renews it.

Supply‑chain disruptions from the Hormuz shutdown have also pushed up prices for fertilizer, packaging and helium, adding cost pressure to downstream manufacturers. With the administration poised to invoke Section 301 and levy 10‑12.5 percent duties on over 80 countries, firms may face higher input costs even as oil revenues temporarily buoy export totals. Investors weigh the export boost against looming tariffs that may squeeze energy‑heavy margins.