Rediffmail Money rediffGURUS BusinessEmail

US had $1.7 billion trade deficit with India in March

May 09, 2016 10:18 IST
By Lalit K Jha

Balance with the United Kingdom shifted from a deficit of $0.5 billion to a surplus of $0.5 billion in March

The US had a trade deficit of $1.7 billion with India and of $26 billion with China in the month of 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.

Photograph: Beawharta/Reuters

Lalit K Jha in Washington
Source: PTI
© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

US Department of Commerce United Kingdom Saudi Arabia OPEC China

RELATED STORIES

WEB STORIES

7 Veg Kebab Recipes

Recipe: Chicken Kabssa

10 Fascinating Forts Of India

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email