The Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis today released a report on March 2010 U.S. International Trade in Goods and Services. Today’s report showed that U.S. exports in March 2010 increased by 3.2 percent to $147.9 billion from their February 2010 level. Imports in March increased 3.1 percent over February to $188.3 billion.
“The rise in imports shows increasing consumer confidence in America's economic recovery,” Commerce Secretary Gary Locke said. “It's heartening to see a corresponding increase in exports.
“This administration is focused on helping American businesses take advantage of the worldwide recovery underway, ramping up trade advocacy on all fronts – from providing credit to small businesses that want to export to increasing the number of trade experts who will help U.S. companies find buyers abroad to the continued rigorous enforcement of our trade laws.” (Full statement)