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 surplus was 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.