According to data released by US Census, the balance of trade grew in March 2011 by 16% using unadjusted data on the back of record exports and imports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $172.7 billion and imports of $220.8 billion resulted in a goods and services deficit of $48.2 billion, up from $45.4 billion in February, revised. March exports were $7.7 billion more than February exports of $165.0 billion. March imports were $10.4 billion more than February imports of $210.4 billion.
Overall, this trade data is expressed in dollars – while YoY exim price increases are over 10% (analysis here). Still, both exports and import values are up 18% YoY, and a 7% or 8% year-over-year real growth is still excellent.
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