The U.S. Trade deficit increased in March, after narrowing in February, but exports continued their upward trend, imports grew as well.
The nation's trade gap increased in March by 1.3 %, reported by the Commerce Department. The widening trade deficit will subtract from GDP growth, as imports out-grew exports, as surging oil prices are not just an inflation threat but can constrain economic growth, economists noted.

International Trade (Picture Autor: Maurice Marcellin) licence Creative Commons

Nevertheless, increase in imports of energy-related products, is a concern, particularly when we know that the latest surge in the cost of imported oil will drive the deficit further over the next few months.

The U.S. trade deficit with China edged down to $-20.7 billion in March from the deficit of $-24.8 billion recorded in February, led by declining imports from China.

Chinese officials believe that a higher value of the yuan would not solve the U.S. trade deficit.
• Imports of Crude Oil

Industrial Supplies		Consumer Goods		Military sales		Private Services
5.63%	4.09%	-1.19%	0.32%	-0.04%	0.00%	2.33%	0.70%
*Imports*	Exports	Imports	Exports	Imports	Exports	Imports	Exports

Imports increased in March by 1.12 %, reported by the Commerce Department, led by imports of Foods, feeds, beverages and Travel services, which accounted for 0.32 % of total imports. Bucking the overall trend, imports of miscellaneous other goods, Royalties and License Fees.

The combination of acceleration in stockpiling activity to meet stronger domestic demand and the price effect from higher commodity prices led to the stronger growth in imports.

Imports of petroleum increased by $2.74 billion, to $14.4 billion in March. The average price of imported oil jumped by $6.21 to $53.1 a barrel. The U.S. imported 6.3 million barrels a day in March, up from 6.2 million in the prior month. U.S. Imports of services grew by 0.69 %, whats more important purcheses of foreign made products, which accounted for 81.7 %, of total imports, rose by 1.21 %. • U.S. Exports by Major Category

Imports from europe increased, as demand for goods from Russia grew the most, up 65.50 % to $2 billions, but imports of oil from Norway fell. Imports from Canada and Mexico grew in March boosted by the higher price of oil. Pacific Rim Region has seen increasing demand from the U.S., where imports from Hong Kong grew the most, although demand for goods from Taiwan fell. U.S. trade gap advanced by 2.1 % for the year, , due to 1.74 % increase in imports. Exports increased in March by 1.09 %, reported by the Commerce Department, led by exports of Foods, feeds, beverages and Travel services, which accounted for 1.27 % of total exports. Exports of Nuclear Technology also went up, by 80.33 % to $0.11 billions. Although exports of Capital goods, except automotive fell, down -1.21 % and Passenger Fares declined by -1.53 %. Exports of Weapons fell as well, by -16.32 % to $0.32 billions. U.S. exports are rising because of faster growth in emerging markets and the favorable foreign-exchange markets, economists add. U.S. Exports of services increased by 0.17 %, services accounted for 0.17 % of total exports, sales of U.S. made products, grew by 1.55 %. Sales of U.S. made goods, improved in the Pacific Rim Region, where exports to Hong Kong grew the most and despite the decrease in demand for U.S. made goods, from Taiwan. Demand for U.S. made goods increased in Brazil, Colombia and overall South and Central America. Exports to europe improved, where demand of U.S made goods in Russia grew the most, but exports to Austria fell by -62.63 %. • U.S. Imports by Major Countries
Exports to Selected Geographical Region

Technology Group Exports	Technology Group Imports	Technology Group Trade Balance
Total Technology Group exports increased by $4,934 millions or 16.98 % to $33,989 millions from Feb. 2019 , caused by increase in exports of Aerospace goods by 19.96 % to $13,391 millions from Feb. 2019. Exports of Information and Communication goods rose by $4,934 millions or 15.89 % to $8,322 millions.	Total Technology Group imports increased by $37,240 millions or 0.00 % to $37,240 millions from Feb. 2019 , despite growth in imports of Electronics goods by 0.00 % to $3,163 millions from Feb. 2019. Imports of Information and Communication goods rose by $37,240 millions or 0.00 % to $20,951 millions. • Imports by Technology Group	Total Technology Group trade deficit rose by $1,314 millions or 22.20 % to $7,232 millions from deficit of $5,918 millions Feb. 2019. Information and Communications trade deficit rose by $1,593 millions or 16.41 % to $11,300 millions from deficit of $9,707 millions Feb. 2019. • Trade Balance by Technology Group

Technology Group Exports

Total Technology Group exports increased by $4,934 millions or 16.98 % to $33,989 millions from Feb. 2019 , caused by increase in exports of Aerospace goods by 19.96 % to $13,391 millions from Feb. 2019. Exports of Information and Communication goods rose by $4,934 millions or 15.89 % to $8,322 millions.

Technology Group Imports

Total Technology Group imports increased by $37,240 millions or 0.00 % to $37,240 millions from Feb. 2019 , despite growth in imports of Electronics goods by 0.00 % to $3,163 millions from Feb. 2019. Imports of Information and Communication goods rose by $37,240 millions or 0.00 % to $20,951 millions.

• Imports by Technology Group

Technology Group Trade Balance

U.S. International Trade in Goods & Services

(In millions $)

U.S. International Trade in Goods & Services (In millions $)	March 2019	Feb. 2019	Jan. 2019	Dec. 2018	Nov. 2018	Oct. 2018
Total Trade Balance	-50,002	-49,382	-51,149	-59,769	-49,313	-55,488
Trade Balance of Goods	-72,419	-72,011	-73,291	-81,541	-71,591	-78,112
Trade Balance of Services	22,417	22,628	22,142	21,773	22,278	22,624
Total Exports	211,966	209,690	207,340	205,116	209,873	211,046
Exports of Goods	141,706	139,548	137,385	135,624	140,336	141,472
Exports of Services	70,260	70,142	69,955	69,492	69,537	69,573
Total Imports	261,968	259,073	258,489	264,885	259,186	266,534
Imports of Goods	214,125	211,559	210,676	217,166	211,927	219,585
Imports of Services	47,843	47,514	47,813	47,719	47,259	46,950

U.S. Trade Balance by Selected Countries and Areas

( In millions $)

U.S. Trade Balance by Selected Countries and Areas ( In millions $)	March 2019	Feb. 2019	Dec. 2018	Nov. 2018	Oct. 2018	Sep. 2018
Total Goods	-61,025	-56,500	-73,765	-74,648	-90,513	-73,732
North America	-10,861	-7,529	-9,119	-7,327	-9,110	-9,525
Canada	-1,356	-127	-1,411	-670	-1,943	-1,810
Mexico	-9,505	-7,403	-7,708	-6,657	-7,167	-7,714
Europe	-16,957	-11,410	-18,242	-18,412	-21,438	-11,924
European Union	-14,176	-9,155	-15,059	-15,117	-17,615	-10,646
Austria	-741	93	-767	-983	-1,042	-748
Belgium	1,397	1,840	1,350	814	1,060	1,142
Czech Republic	-222	-124	-240	-190	-181	-84
Finland	-457	-369	-381	-428	-469	-433
France	-1,335	-2,005	-1,493	-1,523	-1,673	-982
Germany	-5,630	-4,472	-5,946	-5,812	-6,207	-4,802
Hungary	-235	-211	-312	-262	-240	-278
Ireland	-4,593	-3,301	-3,851	-3,959	-4,471	-3,516
Italy	-2,591	-2,246	-3,111	-2,796	-2,951	-1,704
Netherlands	2,457	2,299	1,743	1,791	1,696	2,162
Poland	-272	-123	-129	-330	-326	-328
Spain	-345	96	-266	-156	-213	197
Sweden	-660	-730	-459	-530	-538	-415
United Kingdom	322	1,130	206	605	-564	581
Other E.U.	-1,272	-1,033	-1,402	-1,359	-1,496	-1,438
Norway	-107	-179	-172	-206	-134	-117
Russia	-893	-507	-1,125	-1,069	-1,018	-1,692
Switzerland	-1,871	-1,982	-2,172	-2,304	-2,558	118
Other Europe	90	413	285	284	-113	413
Euro Area	-12,650	-8,542	-13,487	-13,739	-14,993	-9,507
Pacific Rim Countries	-29,776	-32,052	-43,821	-45,948	-51,980	-45,503
Australia	1,304	1,057	1,278	1,346	1,221	1,091
China	-20,749	-24,761	-36,831	-37,861	-43,102	-40,243
Japan	-6,609	-5,938	-5,650	-5,790	-6,166	-3,927
Malaysia	-2,393	-1,748	-2,395	-2,188	-2,144	-2,273
Philippines	-251	-276	-434	-370	-439	-312
Newly Industrialized Countries (NICS)	-8,779	-8,597	-5,674	-7,145	-9,287	-8,254
Hong Kong	2,283	3,149	2,381	2,826	2,462	2,942
Korea	-1,540	-1,813	-857	-2,022	-1,882	-1,454
Singapore	521	522	733	750	501	112
Taiwan	-1,565	-1,284	-1,171	-1,651	-1,392	-969
Other Pacific Rim	180	30	67	76	86	477
South/Central America	4,957	3,372	3,637	5,404	4,183	3,220
Argentina	173	271	271	564	377	433
Brazil	1,063	748	786	638	869	724
Chile	65	372	482	837	672	387
Colombia	175	-117	70	401	472	290
Other South/Central America	3,480	2,098	2,027	2,965	1,793	1,386
OPEC	1,120	411	-305	-776	-2,451	-1,984
Indonesia	-957	-990	-942	-1,064	-1,126	-948
Nigeria	-15	147	-213	-138	-354	7
Saudi Arabia	427	-270	-941	-1,335	-1,474	-1,347
Venezuela	-83	-284	-503	-334	-887	-966
Other OPEC	792	818	1,353	1,031	264	323
Africa	108	162	-509	-207	-989	-294
Algeria	-234	-56	-287	-119	-297	-253
Egypt	394	202	175	238	136	203
South Africa	-101	-39	-537	-333	-254	-135
Other Africa	49	56	140	7	-573	-109
Other Countries	-8,779	-8,597	-5,674	-7,145	-9,287	-8,254
India	-1,665	-1,934	-631	-1,465	-2,445	-1,535
Thailand	-1,719	-1,130	-1,544	-1,560	-1,538	-1,694
Other	-5,396	-5,533	-3,499	-4,120	-5,305	-5,025

U.S. Imports by Major Category

( In millions $)

Imports by Major Category ( In millions $)	March 2019	Feb. 2019	Jan. 2019	Dec. 2018	Nov. 2018	Oct. 2018
Total	261,968	259,073	258,489	264,885	259,186	266,534
Total Services	47,843	47,514	47,813	47,719	47,259	46,950
Travel	842	759	747	701	641	680
Passenger Fares	9,333	9,258	9,486	9,696	9,301	9,297
Other Transportation	12,571	12,411	12,539	12,775	12,652	12,299
Royalties and License Fees	2,968	3,040	3,085	2,880	2,949	3,028
Other Private Services	2,639	2,579	2,611	2,607	2,669	2,622
Transfers Under U.S. Military Sales Contracts	4,449	4,451	4,456	4,404	4,398	4,386
U.S. Government Misc. Services	3,413	3,410	3,405	3,288	3,290	3,294
Total Goods	214,125	211,559	210,676	217,166	211,927	219,585
Foods, feeds, and beverages	13,056	12,062	12,264	12,583	12,153	12,299
Industrial supplies and materials	44,966	42,568	43,756	46,124	45,997	49,207
Capital goods, except automotive	57,236	57,208	57,017	60,006	57,254	56,907
Automotive vehicles, parts, and engines	32,011	31,919	31,936	32,133	32,083	31,839
Consumer goods	56,053	56,730	55,160	55,517	53,128	57,440
Other goods	9,100	9,305	8,851	9,187	9,549	10,147

Exports by Technology Group

( In millions $)

Exports by Technology Group ( In millions $)	March 2019	Feb. 2019	Jan. 2019	Dec. 2018	Nov. 2018	Oct. 2018
Total Technology Group	33,989	29,055	28,147	32,667	32,210	32,210
Advanced Materials	266	255	267	250	263	263
Aerospace	13,391	11,163	9,734	13,410	12,257	12,257
Biotechnology	2,395	2,481	1,848	1,662	1,896	1,896
Electronics	3,907	3,800	3,755	3,728	3,990	3,990
Flexible Manufacturing	1,661	1,017	1,333	1,725	1,595	1,595
Information and Communications	8,322	7,181	8,035	8,194	8,682	8,682
Life Science	3,035	2,378	2,359	2,829	2,641	2,641
Nuclear Technology	110	61	50	68	59	59
Opto-Electronics	584	338	347	545	396	396
Weapons	318	380	419	257	434	434

Annual Report on U.S. International Trade in Goods & Services

(In millions $)

U.S. International Trade in Goods & Services (In millions $)	2018	2017	2016	2015	2014	2013
Total Trade Balance	-621,036	-566,031	-504,793	-531,503	-471,532	-471,532
Trade Balance of Goods	-891,251	-810,023	-752,507	-758,934	-703,159	-703,159
Trade Balance of Services	270,215	243,993	247,714	227,431	231,627	231,627
Total Exports	2,499,970	2,329,311	2,208,072	2,230,317	2,272,320	2,272,320
Exports of Goods	1,671,839	1,551,434	1,455,704	1,513,888	1,590,350	1,590,350
Exports of Services	828,131	777,877	752,368	716,429	681,970	681,970
Total Imports	3,121,006	2,895,342	2,712,866	2,761,820	2,743,851	2,743,851
Imports of Goods	2,563,090	2,361,458	2,208,211	2,272,821	2,293,508	2,293,508
Imports of Services	557,916	533,884	504,654	488,999	450,343	450,343

• Source U.S. Department of Commerce, BEA.gov
Picture Autor: (Maurice Marcellin) licence Creative Commons.

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