U.S. Trade Deficit Widens in March


U.S. international trade deficit in goods and services increased to $48.2 billion in March from $45.4 billion (revised) in February, as imports increased more than exports.

Exports increased to $172.7 billion in March from $165.0 billion in February. Goods were $124.9 billion in March, up from $117.8 billion in February, and services were $47.7 billion in March, up from $47.2 billion in February.

Imports increased to $220.8 billion in March from $210.4 billion in February. Goods were $187.0 billion in March, up from $176.9 billion in February, and services were $33.8 billion in March, up from $33.5 billion in February.

The February to March increase in exports of goods reflected increases in industrial supplies and materials ($2.5 billion); automotive vehicles, parts and engines ($1.6 billion); capital goods ($1.0 billion); other goods ($0.8 billion); consumer goods ($0.7 billion); and foods, feeds, and beverages ($0.6 billion).

The February to March increase in imports of goods reflected increases in industrial supplies and materials ($7.7 billion); automotive vehicles, parts and engines ($2.1 billion); capital goods ($1.6 billion); and other goods ($0.6 billion). A decrease occurred in consumer goods ($2.0 billion). Foods, feeds, and beverages were virtually unchanged.

The goods deficit with China decreased from $18.8 billion in February to $18.1 billion in March. Exports increased $1.1 billion (primarily industrial machines; civilian aircraft, engines, equipment, and parts; and passenger cars) to $9.5 billion, while imports increased $0.3 billion (primarily computers and accessories and telecommunications equipment) to $27.6 billion.


TradingEconomics.com, U.S. Census Bureau
5/11/2011 1:35:24 PM