US has USD 1.7 billion trade deficit with India

Q.  What is the value of the trade deficit of the US with India?
- Published on 10 May 16

a. USD 1.7 billion
b. USD 1.6 billion
c. USD 1.5 billion
d. USD 1.4 billion

ANSWER: USD 1.7 billion
 
US has a USD 1.7 billion trade deficit with India in March. It also has a USD 26 billion trade deficit with China during the month of March. Goods and services deficit was USD 40.4 billion in March down USD 6.5 billion from USD 47.0 billion in February
  • March exports were USD 176.6 billion, USD 1.5 billion less than February exports while imports in the month were USSD 217.1 billion, USD 8.1 billion less than February
  • The Commerce Department also indicated that exports from China increased USD 0.1 billion to USD 8.5 billion and imports decreased USD 6.1 billion to USD 34.4 billion
  • March figures also show a surplus with South and Central America, OPEC, UK and Saudi Arabia
  • Deficits were recorded with China, EU, Germany , Japan, Mexico, South Korea, India France, Brazil, Italy and Canada.

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