US trade deficit exceeds expectations

The US foreign trade deficit narrowed 9.1 percent monthly in March to $64.2 billion.

The United States Department of Commerce announced foreign trade data for March.

As a result, the country’s foreign trade deficit decreased 9.1 percent in March compared to the previous month and narrowed to 64.2 billion dollars.

The trade deficit, which exceeded market expectations, was estimated at $63.3 billion in this period. The foreign trade deficit, which fell to the lowest level in 4 months in March, was registered at 70.6 billion dollars in February.

While the country’s exports rose 2.1 percent to $256.2 billion in March, its imports fell 0.3 percent to $320.4 billion.

THE FOREIGN TRADE DEFICIT WITH THE EU AND CHINA DECREASES WITH CANADA

While the US trade deficit with the European Union (EU) and China decreased in this period, the trade deficit with Canada increased.

The country’s trade deficit with the EU narrowed 14 percent in March from the previous month, to $15.6 billion.

The US trade deficit with China also narrowed 9 percent in March to $22.9 billion.

The country’s trade deficit with Canada rose 35 percent in the same period to $7.7 billion.

Other trading partners with which the US ran a deficit in that period are Mexico ($11.6 billion), Vietnam ($7.5 billion), Germany ($6.3 billion), Japan ($5.9 billion), Ireland ( $5.7 billion), Italy ($4 billion), South Korea ($3.6 billion), Taiwan ($3.6 billion), India ($3.1 billion), Malaysia ($2.8 billion), Switzerland ($2.1 billion), France ($900 million), Israel ($500 million), Saudi Arabia ($400 million) and Singapore ($200 million).

The countries with which the country has a trade surplus are South and Central America (5.7 billion dollars), the Netherlands (4 billion dollars), Belgium (2.1 billion dollars), Australia (1.7 billion dollars), Hong Kong ( 1.6 billion dollars). $), United Kingdom ($1.2 billion) and Brazil ($1.1 billion). (AA)