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Strong exports help reduce the trade gap in March

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Strong exports help reduce the trade gap in March

Exports during the month surge to $193.9 billion.

The US trade deficit in goods and services decreased to $40.4 billion in March from $41.9 billion in February (revised), as exports increased more than imports, according to a report by the US Bureau of Economics.

Economists had expected the trade gap to decline to $40.3 billion.

Exports increased to $193.9 billion in March from $190.0 billion in February (revised). Goods were $135.1 billion in March, up from $131.4 billion in February. Services were $58.8 billion in March, up from $58.6 billion in February.

Imports increased to $234.3 billion in March from $231.8 billion in February (revised). Goods were $195.8 billion in March, up from $192.7 billion in February. Services were $38.4 billion in March, down from $39.1 billion in February.

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For goods, the deficit was $60.7 billion in March, down from $61.3 billion in February (revised). For services, the surplus was $20.4 billion in March, up from $19.5 billion in February (revised).

 

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