Research >> Economics
Goods and Services Deficit Increased in March 2012
|
The Nation’s international trade deficit in goods and services increased to $51.8 billion in March from $45.4 billion (revised) in February, as imports increased more than exports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $186.8 billion and imports of $238.6 billion resulted in a goods and services deficit of $51.8 billion, up from $45.4 billion in February, revised. March exports were $5.3 billion more than February exports of $181.5 billion. March imports were $11.7 billion more than February imports of $226.9 billion.
In March, the goods deficit increased $6.5 billion from February to $67.6 billion, and the services surplus increased $0.1 billion from February to $15.8 billion. Exports of goods increased $4.7 billion to $132.7 billion, and imports of goods increased $11.3 billion to $200.3 billion. Exports of services increased $0.5 billion to $54.1 billion, and imports of services increased $0.4 billion to $38.3 billion.
The goods and services deficit increased $5.8 billion from March 2011 to March 2012. Exports were up $12.8 billion, or 7.3 percent, and imports were up $18.5 billion, or 8.4 percent.
Posted: May 10, 2012 Thursday 08:30 AM