Research >> Economics
Goods and Services Deficit Increased in March 2010
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The Nation’s international trade deficit in goods and services increased to $40.4 billion in March from $39.4 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 $147.9 billion and imports of $188.3 billion resulted in a goods and services deficit of $40.4 billion, up from $39.4 billion in February, revised. March exports were $4.6 billion more than February exports of $143.3 billion. March imports were $5.6 billion more than February imports of $182.7 billion.
In March, the goods deficit increased $1.8 billion from February to $52.9 billion, and the services surplus increased $0.8 billion to $12.5 billion. Exports of goods increased $4.2 billion to $102.7 billion, and imports of goods increased $6.0 billion to $155.6 billion. Exports of services increased $0.4 billion to $45.2 billion, and imports of services decreased $0.4 billion to $32.7 billion.
The goods and services deficit increased $11.6 billion from March 2009 to March 2010. Exports were up $25.0 billion, or 20.4 percent, and imports were up $36.6 billion, or 24.2 percent.
Posted: May 12, 2010 Wednesday 08:30 AM