Decrease in International Goods and Services Trade Deficit for March
Decreasing imports of consumer goods helped fuel a drop in the international trade deficit in goods and services for March. The deficit was $38.8 billion in March, down from $43.6 billion in February, said the Census Bureau and Bureau of…
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Economic Analysis. Exports in March decreased by about $2 billion, while imports decreased by $6.5 billion. The drop in exports largely reflected decreases in the foods, feeds and beverages category. The February to March decrease in imports included a $3.4 billion drop in consumer goods and a $1.5 billion drop in capital goods. Exports of services increased by $0.1 billion in March, while service imports decreased the same amount.