Trade Deficit Increases in March 2007
The United States international deficit in goods and services increased to $63.9 billion in March from $57.9 billion (revised) in February, as imports increased more than exports. (10 May 2007)
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 $126.2 billion and imports of $190.1 billion resulted in a goods and services deficit of $63.9 billion, $6.0 billion more than the $57.9 billion in February, revised. March exports were $2.2 billion more than February exports of $124.0 billion. March imports were $8.2 billion more than February imports of $181.9 billion. In March, the goods deficit increased $6.0 billion from February to $70.2 billion, and the services surpluswas virtually unchanged at $6.3 billion. Exports of goods increased $1.8 billion to $90.2 billion, and imports of goods increased $7.8 billion to $160.3 billion. Exports of services increased $0.4 billion to $36.1 billion, and imports of services increased $0.4 billion to $29.8 billion.In March,the goods and services deficit was up $1.6 billion from March 2006. Exports were up $10.7 billion, or 9.2 percent, and imports were up $12.3 billion, or 6.9 percent.
6/4/2007 1:13:47 PM