The US had a trade deficit of $1.7 billion with India and of $26 billion with China in March, according to official figures.
The goods and services deficit was $40.4 billion in March, down $6.5 billion from $47.0 billion in February, the US Department of Commerce said in its latest monthly figures.
March exports were $176.6 billion, $1.5 billion less than February exports while imports in the month were $217.1 billion, $ 8.1 billion less than in February, it said.
According to the Commerce Department, the deficit with China decreased $6.2 billion to $26 billion in March.
Exports from China increased $0.1 billion to $8.5 billion and imports decreased $6.1 billion to $34.4 billion, it said.
The March figures show surpluses with South and Central America ($3.2 billion), OPEC ($0.7 billion), United Kingdom ($0.5 billion) and Saudi Arabia ($0.1 billion).
Deficits were recorded with China ($26 billion), European Union ($11.1 billion), Germany ($ 5.9 billion), Japan ($ 5.9 billion), Mexico ($ 5.2 billion), South Korea ($ 3.0 billion), Italy ($ 2.4 billion), India ($1.7 billion), France ($0.9 billion), Brazil ($0.2 billion), and Canada ($0.1 billion).
According to the latest monthly report, the balance with the United Kingdom shifted from a deficit of $0.5 billion to a surplus of $0.5 billion in March.
Exports from the UK increased $0.6 billion to $4.8 billion and imports decreased $0.3 billion to $4.4 billion.
The surplus with Saudi Arabia decreased $1.2 billion to $0.1 billion in March. Exports from Saudi Arabia decreased $0.9 billion to $1.4 billion and imports increased $0.3 billion to $1.3 billion.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.