The U.S. Trade Deficit Decreased in March to $49 Billion
The U.S. monthly international trade deficit decreased from $57.7 billion in February to $49.0 billion in March according to the U.S. Bureau of Economic Analysis, as exports increased more than imports. The March decrease in the goods and services deficit reflected a decrease in the goods deficit of $7.5 billion to $69.5 billion and an increase in the services surplus of $1.3 billion to $20.5 billion. Year-to-date, the goods and services deficit increased $25.5 billion, or 18.5 percent, from the same period in 2017. Exports increased $39.2 billion or 6.8 percent. Imports increased $64.7 billion or 9.1 percent.
• March exports were $208.5 billion, $4.2 billion more than February exports.
• Exports of goods increased $3.7 billion to $140.9 billion in March.
• Exports of services increased $0.4 billion to $67.6 billion in March.
• March imports were $257.5 billion, $4.6 billion less than February imports.
• Imports of goods decreased $3.7 billion to $210.4 billion in March.
• Imports of services decreased $0.9 billion to $47.1 billion in March.
Goods By Geographic Area
• The deficit with Germany decreased $1.6 billion to $5.0 billion in March. Exports increased $0.4 billion to $5.1 billion and imports decreased $1.2 billion to $10.1 billion.
• The deficit with members of OPEC decreased $0.8 billion to $1.4 billion in March. Exports increased $0.4 billion to $4.9 billion and imports decreased $0.4 billion to $6.3 billion.
• The deficit with China increased $0.7 billion to $35.4 billion in March. Exports increased $1.6 billion to $12.4 billion and imports increased $2.3 billion to $47.7 billion.
For further information visit www.bea.gov/.