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March exports of $114.7 billion and
imports of $176.7 billion resulted in a goods and services deficit of
$62.0 billion, reported by the Department of Commerce today. March
deficit was $3.6 billion less than the revised $65.6 billion in
February.
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- In March, the goods deficit decreased
$3.1 billion from the previous month to $66.7 billion, and the
services surplus increased $0.5 billion to $4.7 billion.
- Exports of goods increased $1.7
billion to $82.1 billion, and imports of goods decreased $1.4 billion
to $148.8 billion.
- Total goods and services deficit was
up $8.3 billion from March 2005.
- Exports were up $11.9 billion, or 11.6
percent, and imports were up $20.2 billion, or 12.9 percent.
- Services imports increased $1.4
billion from last year.
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- The US trade deficit with China
deepened to $15.6B ($13.8B in Feb'06) in March. US ran a total deficit
of $201.6B with China in 2005.
- Trade deficit with EU $10.1B from
$8.2B in Feb'06
- Total trade deficit with the Pacific
Rim Countries was $25.7B while it rose to $8B with the OPEC countries
from $7.3B in Feb.
- The March figures showed surpluses
with Hong Kong $1.0B, Australia $0.7B, Singapore $0.5B, and Egypt
$0.2B
- Imports of advanced technology
products jumped to $25.3B and exports were at $22.9B in March
resulting in a deficit of $2.5B.
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