The monthly U.S. trade deficit in goods and services was virtually unchanged in March as imports and exports both fell.
Imports were down 1.6 percent, to $327.0 billion, from February to March. Imports of goods slid 1.6 percent to $263.8 billion, with decreases of $3.2 billion for passenger cars, $1.7 billion for cell phones and other household goods, and $1.6 billion for industrial supplies and materials, along with an increase of $2.5 billion for pharmaceutical preparations. Services imports tumbled 1.7 percent to $63.2 billion.
Exports declined 2.0 percent in March to $257.6 billion. Exports of goods slumped 2.9 percent to $171.3 billion, with decreases of $1.2 billion for civilian aircraft, $900 million for non-monetary gold, and $600 million for soybeans, along with an increase of $600 million for crude oil. Services exports were down 0.2 percent to $86.4 billion.
With exports and imports both down, the monthly U.S. trade deficit moved from $69.5 billion in February to $69.4 billion in March. The deficit in goods trade rose 0.9 percent to $92.5 billion while the services trade surplus was up 4.1 percent to $23.1 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$24.1 billion
|
+10.0
|
|
|
|
European Union
|
$19.6 billion
|
+10.8
|
|
|
|
Mexico
|
$13.5 billion
|
-11.8
|
|
|
|
Vietnam
|
$9.0 billion
|
-6.3
|
|
|
|
Germany
|
$7.5 billion
|
-1.3
|
|
|
|
Ireland
|
$6.7 billion
|
+26.4
|
|
|
|
South Korea
|
$5.6 billion
|
+7.7
|
|
|
|
Japan
|
$5.3 billion
|
-14.5
|
|
|
|
Taiwan
|
$5.3 billion
|
+26.2
|
|
|
|
India
|
$4.0 billion
|
-9.1
|
|
|
|
Canada
|
$3.8 billion
|
-25.5
|
|
|
|
Italy
|
$3.7 billion
|
+8.8
|
|
|
|
Malaysia
|
$2.0 billion
|
-16.7
|
|
|
|
France
|
$1.7 billion
|
+112.5
|
|
|
|
Switzerland
|
$1.4 billion
|
Shift from $0.4 billion surplus
|
|
|
|
Israel
|
$0.7 billion
|
+133.3
|
|
|
|
Saudi Arabia
|
$0.1 billion
|
Shift from $0.1 billion surplus
|
|
|
|
Netherlands
|
|
|
$5.4 billion
|
+25.6
|
|
South/Central America
|
|
|
$4.0 billion
|
-27.3
|
|
Hong Kong
|
|
|
$2.2 billion
|
-21.4
|
|
Australia
|
|
|
$1.9 billion
|
+18.8
|
|
Singapore
|
|
|
$0.8 billion
|
Shift from $0.3 billion deficit
|
|
United Kingdom
|
|
|
$0.7 billion
|
-12.5
|
|
Belgium
|
|
|
$0.7 billion
|
+16.7
|
|
Brazil
|
|
|
$0.6 billion
|
0
|
Copyright © 2024 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.