Research >> Economics
Goods and Services Deficit Decreased in March 2018
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The nation's international trade deficit in goods and services decreased to $49.0 billion in March from $57.7 billion in February (revised), as exports increased and imports decreased. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.0 billion in March, down $8.8 billion from $57.7 billion in February, revised.
Exports, Imports, and Balance
March exports were $208.5 billion, $4.2 billion more than February exports. March imports were $257.5 billion, $4.6 billion less than February 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.
Three-Month Moving Averages
The average goods and services deficit decreased $1.7 billion to $54.5 billion for the three months ending in March.
- Average exports increased $1.6 billion to $204.6 billion in March.
- Average imports decreased less than $0.1 billion to $259.1 billion in March.
Year-over-year, the average goods and services deficit increased $8.5 billion from the three months ending in March 2017.
Posted: May 3, 2018 Thursday 08:30 AM