U.S. Trade Deficit Narrows in March


The U.S. trade deficit narrowed for a second month in March to $38.8 billions as crude oil imports dropped to the lowest level in 17 years.

March exports were $1.7 billion less than February exports of $186.0 billion. March imports were $6.5 billion less than February imports of $229.6 billion.

The February to March decrease in exports of goods reflected decreases in foods, feeds, and beverages ($1.1 billion); automotive vehicles, parts, and engines ($0.3 billion); industrial supplies and materials ($0.3 billion); capital goods ($0.3 billion); and consumer goods ($0.3 billion). An increase occurred in other goods ($0.2 billion).

The February to March decrease in imports of goods reflected decreases in consumer goods ($3.4 billion); capital goods ($1.5 billion); industrial supplies and materials ($1.4 billion); and automotive vehicles, parts, and engines ($0.8 billion). An increase occurred in other goods ($0.9 billion). Foods, feeds, and beverages were virtually unchanged.


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5/2/2013 1:50:05 PM