The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in March, down $0.1 billion from $43.8 billion in February, revised. March exports were $191.0 billion, $1.7 billion less than February exports. March imports were $234.7 billion, $1.7 billion less than February imports.
The March decrease in the goods and services deficit reflected an increase in the goods deficit of $0.4 billion to $65.5 billion and an increase in the services surplus of $0.4 billion to $21.8 billion.
Exports (Exhibits 3, 6, and 7 in the FT-900)
Exports of goods decreased $2.1 billion to $126.3 billion in March.
Exports of goods on a Census basis decreased $1.8 billion.
Exports of services increased $0.4 billion to $64.7 billion in March.
Imports (Exhibits 4, 6, and 8 in the FT-900)
Imports of goods decreased $1.7 billion to $191.8 billion in March.
Imports of goods on a Census basis decreased $1.7 billion.
Imports of services decreased less than $0.1 billion to $42.9 billion in March.
Goods by Selected Countries and Areas: Census Basis (Exhibit 19)
The March figures show surpluses, in billions of dollars, with Hong Kong ($2.9), South and Central America ($2.6), Singapore ($0.5), United Kingdom ($0.5), and Brazil ($0.2). Deficits were recorded, in billions of dollars, with China ($31.4), European Union ($10.0), Mexico ($6.5), Japan ($6.5), Germany ($5.0), South Korea ($2.5), Italy ($2.1), Canada ($1.9), India ($1.7), OPEC ($1.6), Taiwan ($1.1), Saudi Arabia ($0.8), and France ($0.1).
NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.