US trade deficit drops 3.9% in March as exports reach all-time highs

default_image

© Khunaspix Dreamstime.

By Alex Lennane

07/05/2014

The US enjoyed a bumper crop of exports in March – the second highest level on record, according to the Department of Commerce. Led by aircraft, automotives and farm goods, the trade deficit narrowed, which is expected to boost overall economic growth. Exports to Canada and South Korea rose to all-time highs. Imports also saw growth, but on a more modest level of 1.1%.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

United States American Trucking Association On the road again Rates: the eternal tango The driver shortage crisis

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Urgent call for breakdown of cargo onboard as General Average declared on Dali

Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker

Flexport is 'back on track' – now it needs to start growing again

Hong Kong drops out of world's top 10 busiest container ports

'Slow season' and ocean network stabilisation easing pressure on rates

Bottlenecks and price hikes as airlines now avoid Iran airspace

Kuehne + Nagel reshuffles the suits – leaks, views, sights

Vehicle imports clogging up terminals at European auto ports

Iran may now pose a threat to multimodal supply chains via Dubai

Capture of MSC Aries will further drive up Indian export costs

US splashes out to grab a slice of the semiconductor manufacturing pie

Ammonia, not methanol, will be the 'green fuel of the future'

Looks like rain: Panama Canal Authority eyes return to normal service

Soaring air freight rates may level out as summer capacity takes off

Adjustors sharpen pencils on rumours Dali owner called General Average