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THURSDAY May 2, 2013 MARCH 2013 TRADE GAP IS $38.8 BILLION U.S. international trade in goods and services The U.S. monthly international trade deficit decreased in March 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.6 billion (revised) in February to $38.8 billion in March as imports decreased more than exports. The previously published February deficit was $43.0 billion. The goods deficit decreased $4.6 billion from February to $56.1 billion in March; the services surplus increased $0.2 billion from February to $17.3 billion. Exports Exports of goods and services decreased $1.7 billion in March to $184.3 billion reflecting a decrease in exports of goods. Exports of services increased. The decrease in exports of goods reflected decreases in nearly all major categories. The largest decrease was in foods, feeds, and beverages. The increase in exports of services reflected increases in several categories. The largest increase was in travel. Imports Imports of goods and services decreased $6.5 billion in March to $223.1 billion mostly reflecting a decrease in imports of goods. Imports of services also decreased. The decrease in imports of goods reflected decreases in most major categories. The largest decrease was in consumer goods. The decrease in imports of services was more than accounted for by a decrease in other transportation, which includes freight and port services; increases in travel and passenger fares largely offset this decrease. Goods by geographic area (not seasonally adjusted) The goods deficit with Canada decreased from $2.5 billion in February to $2.3 billion in March. Exports increased $2.8 billion to $26.0 billion, while imports increased $2.6 billion to $28.3 billion. The goods deficit with China decreased from $23.4 billion in February to $17.9 billion in March. Exports increased $0.1 billion to $9.4 billion, while imports decreased $5.4 billion to $27.3 billion. The goods deficit with Mexico increased from $4.3 billion in February to $5.3 billion in March. Exports increased $0.3 billion to $18.0 billion, while imports increased $1.3 billion to $23.2 billion. BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic statistics for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the May 2 news release, U.S. International Trade in Goods and Services: March 2013, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is June 4, 2013. Contacts: Services: Thomas Dail or Jeannine Aversa 202-606-2649 Goods: Maria Iseman 301-763-2311 Bureau of Economic Analysis, U.S. Department of Commerce Census Bureau, U.S. Department of Commerce