U.S. Trade Deficit Widens in March


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.

The February to March increase in exports of goods reflected increases in industrial supplies and materials ($2.4 billion); capital goods ($1.2 billion); foods, feeds, and beverages ($0.5 billion); other goods ($0.4 billion); automotive vehicles, parts, and engines ($0.4 billion); and consumer goods ($0.1 billion).

The February to March increase in imports of goods reflected increases in capital goods ($3.5 billion); consumer goods ($3.3 billion); industrial supplies and materials ($2.5 billion); automotive vehicles, parts, and engines ($1.2 billion); other goods ($0.5 billion); and foods, feeds, and beverages ($0.2 billion).


TradingEconomics.com, U.S. Census Bureau
5/10/2012 1:41:51 PM