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Wednesday, July 17, 2019
HomeNewsEconomyU.S. Trade Deficit Barely Widens to $50B, Beating Consensus Forecast

U.S. Trade Deficit Barely Widens to $50B, Beating Consensus Forecast

Import, Export, Logistics concept - Map global partner connection of Container Cargo freight ship for Logistic Import Export background (Photo: AdobeStock/Elements of this image furnished by NASA)
Import, Export, Logistics concept - Map global partner connection of Container Cargo freight ship for Logistic Import Export background (Photo: AdobeStock/Elements of this image furnished by NASA)
Import, Export, Logistics concept – Map global partner connection of Container Cargo freight ship for Logistic Import Export background (Photo: AdobeStock/Elements of this image furnished by NASA)

The U.S. trade deficit rose only $0.7 billion to $50.0 billion in March, less than expected and beating the consensus forecast. The steady gap comes after two sharp consecutive declines in the trade deficit.

PriorConsensus ForecastForecast RangeActual
Trade Balance Level$-49.4B$-50.2B$-51.8B — $-48.8B$50B

Exports rose $2.1 billion to $212.0 billion in March, while imports rose $2.8 billion to $262.0 billion.

The average goods and services deficit fell by $3.3 billion to $50.1 billion for the three months ending in March. Average exports rose $2.2 billion to $209.7 billion and average imports fell $1.1 billion to $259.9 billion.

Year‐over‐year, the average goods and services deficit fell $1.9 billion, as average exports increased $4.7 billion and average imports increased by just $2.7 billion.

The politically-sensitive U.S. trade deficit with China fell $1.9 billion to $28.3 billion in March. Exports rose $1.4 billion to $10.5 billion and imports fell $0.5 billion to $38.8 billion.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Latest comments

  • Avatar

    This is what our administration is battling for. Those who can’t count obviously are way too short-sighted or out and out liars trying to tear up what is trying to be done. Even Chuck Shumer knows and has said better about the trade negotiations.

  • Avatar

    $50 billion for a nation as dynamic as the U.S. is next to nothing, and $0.7 billion is really not worth counting. Look at it this way; $0.7 billion is only $700 million, the value of a medium sized commercial building in a big city, or the value of ten or fifteen prominent people’s homes in Hollywood or the Hamptons. Not much compared with the total GDP of a large dynamic nation like the USA. Many large cities run by Democrats are losing more than that every year. Look at what AOC recently cost New York in lost businesses that would have located there
    .

  • Avatar

    You really can’t be this stupid. $50B is in a month and represents tens of thousands of lost jobs.

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