Trade Deficit Increases in Mar 2012; Exports up $5.3B Since Feb, but Imports up $11.7B
The U.S. goods and services deficit was $51.8 billion in March 2012, up $5.8 billion from March 2011, according to the U.S. International Trade in Goods and Services Report, released on May 10, 2012 by the Census Bureau and the…
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Bureau of Economic Analysis. The report showed that, as compared to February 2012 levels, exports were up $5.3 billion to $186.8 billion, and imports were up $11.7 billion to $238.6 billion. As compared to March 2011 totals, exports increased by 7.3% and imports by 8.4%. The U.S. trade deficit with China increased to $21.7 billion in March 2012, from $19.4 billion in February. Statement by Commerce Secretary Bryson available here. ITA fact sheet available here.