U.S. Trade Deficit Widened by $4.6B in February
Washington, DC, May 5, 2020-The goods and services deficit was $44.4 billion in March, up $4.6 billion from $39.8 billion in February, revised, The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today.
March exports were $187.7 billion, $20.0 billion less than February exports. March imports were $232.2 billion, $15.4 billion less than February imports.
The March increase in the goods and services deficit reflected an increase in the goods deficit of $4.6 billion to $65.6 billion and a decrease in the services surplus of $0.1 billion to $21.2 billion.
Year-to-date, the goods and services deficit decreased $28.1 billion, or 17.8%, from the same period in 2019. Exports decreased $21.7 billion or 3.5%. Imports decreased $49.7 billion or 6.4%.