The growth of the US trade deficit in March was lower than expected

The US trade deficit in March amounted to $50 billion, an increase from $49.3 billion in February, the country's Department of Commerce reported. The figure was less than $50.2 billion, predicted by economists. The USA exported goods in March by 1.4% more than in February. The volume of their exports amounted to 141.7 billion dollars. The growth rate was due to an increase in industrial supplies and export of soybeans. Civil aviation recorded a decrease in supplies of $700 million. The volume of imports rose by 1.2%, reaching $214.1 billion due to an increase in imports of crude oil, as well as food products, the rate of which reached the highest level in history. At the same time, imports of consumer goods decreased. The trade deficit with China fell in March by 16% to $20.7 billion. The April figure was the lowest since March 2014. At the same time, the volume of American exports to China increased by 23.6%.

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