U.S. exports rose 2.6% in April to $327.1 billion, while imports increased 2% to $383 billion, according to new Commerce Department data.

The U.S. trade deficit narrowed to $55.9 billion, down 1.2% from March, driven largely by record exports of oil and petroleum products as the closure of the Strait of Hormuz boosted demand for U.S. energy.

The report notes that strong exports of industrial supplies, computers, and aircraft also contributed to the increase, while imports were boosted by electronics purchases for data centers.