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Thursday, June 19, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

US trade deficit narrowed sharply in March as exports rose

On Thursday, the US Commerce Department said the trade deficit narrowed 9.1% to $64.2 billion.

Data for February has been revised to show the trade gap widening to $70.6 billion from $70.5 billion as previously reported.

Exports rose 2.1% to $256.2 billion.

Goods exports rose 3.1% to $174.3 billion.

Crude oil exports increased by $2.5 billion, boosting shipments, supplies and industrial materials.

Exports of cars, spare parts and engines also increased.

Services exports also rose by $0.1 billion to a record $81.8 billion, boosted by travel and transportation.

As for imports into the United States, they fell by 0.3%, to 320.4 billion dollars, imports of goods fell by 0.5%, to 260.9 billion dollars.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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