US-India trade-deficit in March stood at $2 billion

WASHINGTON: The trade defict between the United States and India stood at $2 billion in March, according to figures released today.

The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced that the goods and services deficit was $51.4 billion in March, up $15.5 billion from February.

March exports stood at $187.8 billion, $1.6 billion more than the February exports. Imports in that month were $239.2 billion.

The March increase in the goods and services deficit reflected an increase in the goods deficit of $14.9 billion to $70.6 billion and a decrease in the services surplus of $0.6 billion to $19.2 billion, the report said.

In the same month the United States' trade deficit with China increased $10.5 billion to $37.8 billion, the data showed.

Exports increased $0.4 billion to $9.3 billion and imports increased $10.9 billion to $47.1 billion.

The deficit with Japan increased $2.0 billion to $6.3 billion in March.