Trade Deficit Narrowed Slightly to $69.4B in March

Washington, DC, March 2, 2024-The goods and services deficit was $69.4 billion in March, down $0.1 billion from $69.5 billion in February, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

March exports were $257.6 billion, $5.3 billion less than February exports. March imports were $327.0 billion, $5.4 billion less than February imports.

The March decrease in the goods and services deficit reflected an increase in the goods deficit of $0.8 billion to $92.5 billion and an increase in the services surplus of $0.9 billion to $23.1 billion.

Year-to-date, the goods and services deficit increased $6.5 billion, or 3.2%, from the same period in 2023. Exports increased $9.1 billion or 1.2%. Imports increased $15.6 billion or 1.6%.