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March 2022 Press Highlights All values in billions of dollars. Goods and services monthly BOP series began with January 1992 statistics. Goods and Services (BOP Basis, seasonally adjusted) March 2022 Goods and Services Balance February 2022 Percent Change from Prior Month Larger Increase or Decrease by Percent Change / When it Occurred -109.8 -89.8 22.3 43.7 February 2015 - March 2015 Exports 241.7 228.8 5.6 8.1 September 2021 - October 2021 Imports 351.5 318.6 10.3 10.6 June 2020 - July 2020 Goods (BOP Basis) Balance -128.1 -107.8 18.9 25.2 February 2015 - March 2015 Exports 170.7 159.0 7.3 11.2 September 2021 - October 2021 Imports 298.8 266.8 12.0 n/a No larger increase on record. February 2022 Dollar Change from Prior Month March 2022 Goods and Services Balance Larger Increase or Decrease by Dollar Change / When it Occurred -109.8 -89.8 -20.0 n/a No larger decrease on record. Exports 241.7 228.8 12.9 16.7 September 2021 - October 2021 Imports 351.5 318.6 32.9 n/a No larger increase on record. Goods (BOP Basis) Balance -128.1 -107.8 -20.4 n/a No larger decrease on record. Exports 170.7 159.0 11.6 16.0 September 2021 - October 2021 Imports 298.8 266.8 32.0 n/a No larger increase on record. n/a Not available * The March goods and services deficit ($109.8 billion) was the highest on record. * The March goods deficit ($128.1 billion) was the highest on record. * March exports of goods and services ($241.7 billion) were the highest on record. * March exports of goods ($170.7 billion) were the highest on record. * March imports of goods and services ($351.5 billion) were the highest on record. * March imports of goods ($298.8 billion) were the highest on record. * March imports of services ($52.7 billion) were the highest on record. Goods (Census Basis, seasonally adjusted) Balance * The March goods deficit ($127.1 billion) was the highest on record. * The March non-petroleum deficit ($128.7 billion) was the highest on record. Exports * March exports of goods ($169.2 billion) were the highest on record. * March exports of industrial supplies and materials ($67.3 billion) were the highest on record. * March exports of foods, feeds, and beverages ($15.5 billion) were the highest on record. * March exports of capital goods ($46.1 billion) were the highest since July 2019 ($46.1 billion). * March petroleum exports ($26.3 billion) were the highest on record. * March non-petroleum exports ($142.8 billion) were the highest on record. Imports * March imports of goods ($296.3 billion) were the highest on record. * March imports of industrial supplies and materials ($76.4 billion) were the highest since July 2008 ($80.7 billion). * March imports of foods, feeds, and beverages ($17.6 billion) were the highest on record. * March imports of capital goods ($75.1 billion) were the highest on record. * March imports of consumer goods ($83.1 billion) were the highest on record. * March petroleum imports ($24.8 billion) were the highest since December 2014 ($25.0 billion). * March non-petroleum imports ($271.5 billion) were the highest on record. Real Dollar Basis (Chained 2012 Dollars, seasonally adjusted) Balance * The March real dollar goods deficit ($137.8 billion) was the highest on record. Imports * March real dollar imports of goods ($288.0 billion) were the highest on record. * March real dollar imports of foods, feeds, and beverages ($14.3 billion) were the highest on record. * March real dollar imports of capital goods ($78.1 billion) were the highest on record. * March real dollar imports of consumer goods ($81.3 billion) were the highest on record. Country and Other Highlights (Census Basis, not seasonally adjusted) Balance * The March deficit with Vietnam ($10.4 billion) was the highest on record. * The March deficit with Taiwan ($4.5 billion) was the highest on record. * The March surplus with South and Central America ($6.6 billion) was the highest on record. Exports * March exports to the European Union ($31.2 billion) were the highest on record. * March exports to South and Central America ($19.3 billion) were the highest on record. * March exports to Canada ($32.4 billion) were the highest on record. * March exports to Mexico ($28.5 billion) were the highest on record. * March exports to Japan ($7.3 billion) were the highest on record. * March exports to Taiwan ($3.9 billion) were the highest on record. Imports * March imports from the European Union ($48.1 billion) were the highest on record. * March imports from Canada ($40.5 billion) were the highest on record. * March imports from Mexico ($40.5 billion) were the highest on record. * March imports from Vietnam ($11.5 billion) were the highest on record. * March imports from South Korea ($9.5 billion) were the highest on record. * March imports from Taiwan ($8.4 billion) were the highest on record. NOTE: Based on the May 4, 2022, U.S. International Trade in Goods and Services, March 2022 report, released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
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