Trade Deficit Narrowed in March by $6.5 Billion
Washington, DC, May 4, 2016—The
goods and services deficit was $40.4 billion in March, down $6.5 billion from
$47.0 billion in February, revised, the U.S. Census Bureau and the U.S. Bureau
of Economic Analysis announced through the Department of Commerce.
March exports were $176.6
billion, $1.5 billion less than February exports.
March imports were $217.1
billion, $8.1 billion less than February imports.
The March decrease in the goods
and services deficit reflected a decrease in the goods deficit of $6.0 billion
to $58.5 billion and an increase in the services surplus of $0.5 billion to
Year-to-date, the goods and
services deficit decreased $1.0 billion, or 0.8%, from the same period in 2015.
Exports decreased $30.5 billion or 5.4%. Imports decreased $31.6 billion or 4.5%.