U.S. trade deficit rises to $40.4 bln in March

08:59, May 13, 2010      

Email | Print | Subscribe | Comments | Forum 

The U.S. trade deficit rose to 40.4 billion dollars in March, the biggest monthly trade deficit since December 2008, the Commerce Department reported Wednesday.

The March deficit was slightly higher than the 40.1 billion dollar gap that economists had been expecting and was 2.5 percent higher than March's revised trade gap of 39.4 billion dollars.

The rise in trade deficit was mainly due to a 25.5 percent jump in crude oil shipments, which rose to 22.3 billion dollars in March, the highest amount since October 2008.

For March, exports of goods and services rose 3.2 percent to 147.87 billion dollars, meanwhile, imports rose 3.1 percent to 188.3 billion dollars. Both exports and imports were the most since October 2008.

In the first three months of this year, the deficit is running at an annual rate of 467.2 billion dollars, 23.4 percent higher than the year-ago level of 378.6 billion dollars.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion