Research >> Economics
Goods and Services Deficit Increased in March 2019
The nation's international trade deficit in goods and services increased to $50.0 billion in March from $49.3 billion in February (revised), as imports increased more than exports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $50.0 billion in March, up $0.7 billion from $49.3 billion in February, revised.
Exports, Imports, and Balance
March exports were $212.0 billion, $2.1 billion more than February exports. March imports were $262.0 billion, $2.8 billion more than February imports. The March increase in the goods and services deficit reflected an increase in the goods deficit of $0.5 billion to $72.4 billion and a decrease in the services surplus of $0.2 billion to $22.4 billion. Year‐to‐date, the goods and services deficit decreased $5.8 billion, or 3.7 percent, from the same period in 2018. Exports increased $14.0 billion or 2.3 percent. Imports increased $8.2 billion or 1.1 percent.
Three‐Month Moving Averages
The average goods and services deficit decreased $3.3 billion to $50.1 billion for the three months ending in March.
- Average exports increased $2.2 billion to $209.7 billion in March.
- Average imports decreased $1.1 billion to $259.9 billion in March.
Year‐over‐year, the average goods and services deficit decreased $1.9 billion from the three months ending in March 2018.
- Average exports increased $4.7 billion from March 2018.
- intAverage imports increased $2.7 billion from March 2018.
Posted: May 9, 2019 Thursday 08:30 AM