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Trade deficit increases to $48.2 billion in March

Posted By faymjohnson On May 11, 2011 @ 5:40 am In Foreign Trade Data | No Comments

By: Fay Johnson

Ustrade [1] The Nation’s international trade deficit in goods and services increased to $48.2 billion in March [2] from $45.4 billion (revised) in February, as imports increased more than exports. The March services surplus ($13.9 billion) was once again a record. Records also occurred for exports of goods and services ($172.7 billion), exports of goods ($124.9 billion), and exports of services ($47.7 billion).

Record exports in industrial supplies and materials ($41.7 billion) and foods, feeds, and beverages ($11.2 billion) contributed to the record in overall exports of goods. Exports of goods increased $7.2 billion or 6.2%, surpassing the prior record ($119.3 billion, January 2010) by $4.4 billion.

Imports of goods increased by $10.1 billion (5.8%) to $184.7 billion this month, the increase were driven by industrial supplies and materials which increased $7.7 billion (13.3%) to $65.8 billion.

It was a month full of records [3], below are few more not mentioned above:

  • Record imports of foods, feeds, and beverages ($8.7 billion)
  • Record exports to Canada ($25.5 billion)
  • Record exports to South/Central America ($14.3 billion)


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URL to article: http://globalreach.blogs.census.gov/2011/05/11/trade-deficit-increases-to-482-billion-in-march/

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[1] Image: http://globalreach.blogs.census.gov/files/2012/04/6a0120a61b56ed970c014e885d372e970d-320wi.jpg

[2] increased to $48.2 billion in March: http://www.census.gov/foreign-trade/data/

[3] a month full of records: http://www.census.gov/foreign-trade/statistics/highlights/monthly.html