Baku - APA-Economics. The international trade deficit in goods and services increased to $48.2 billion in March from a downwardly revised $45.4 billion in February, the Commerce Department reported today.
Economists had expected a deficit of $47.0 billion for the month.
Total exports were the highest ever recorded, while imports were the highest since August of 2008.
Exports increased to $172.7 billion from $165.0 billion in February. Exports of Goods were $124.9 billion in March, up from $117.8 billion in February, while services were $47.7 billion, up from $47.2 billion. Imports increased to $220.8 billion in March from $210.4 billion the previous month.
The trade deficit with China, meanwhile, decreased slightly from February, to $18.1 billion. But it is still the largest deficit the United States has with any country, and it is expected to rise in the coming months.
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