Goods & Services Deficit Fell to $49.0 Billion in March
Washington, DC, May 3, 2018- The goods and services deficit was $49.0 billion in March, down $8.8 billion from $57.7 billion in February, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
March exports were $208.5 billion, $4.2 billion more than February exports. March imports were $257.5 billion, $4.6 billion less than February imports.
The March decrease in the goods and services deficit reflected a decrease in the goods deficit of $7.5 billion to $69.5 billion and an increase in the services surplus of $1.3 billion to $20.5 billion.
Year-to-date, the goods and services deficit increased $25.5 billion, or 18.5%, from the same period in 2017. Exports increased $39.2 billion or 6.8 percent. Imports increased $64.7 billion or 9.1%.