The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $109.8 billion in March, up $20.0 billion from $89.8 billion in February.
US Quarterly Balance of Trade 2022 Q1
Exports, Imports, and Balance
- March exports were $241.7 billion, $12.9 billion more than February exports.
- March imports were $351.5 billion, $32.9 billion more than February imports.
- The March increase in the goods and services deficit reflected an increase in the goods deficit of $20.4 billion to $128.1 billion and an increase in the services surplus of $0.4 billion to $18.3 billion.
- Year-to-date, the goods and services deficit increased $84.8 billion, or 41.5 percent, from the same period in 2021.
- Exports increased $104.5 billion or 17.7 percent.
- Imports increased $189.3 billion or 23.8 percent.
3-Month Rolling Averages
- The average goods and services deficit increased $9.3 billion to $96.3 billion for the three months ending in March.
- Average exports increased $4.5 billion to $231.7 billion in March.
- Average imports increased $13.7 billion to $328.0 billion in March.
- Year-over-year, the average goods and services deficit increased $28.3 billion from the three months ending in March 2021.
This post originated at MishTalk.Com
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