The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Thursday, May 2, 2024 Services: 301-278-9003 Goods: 301-763-2311 March 2024 Trade Gap is $69.4 Billion U.S. International Trade in Goods and Services The U.S. goods and services trade deficit decreased from $69.5 billion in February (revised) to $69.4 billion in March, as imports decreased more than exports. The goods deficit increased $0.8 billion to $92.5 billion, and the services surplus increased $0.9 billion to $23.1 billion. Monthly Goods and Services Trade Deficit January 2014–March 2024 Billions of dollars, seasonally adjusted current dollars 120 110 100 90 80 70 60 50 40 30 20 10 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 U.S. Bureau of Economic Analysis U.S. Census Bureau Exports of goods and services decreased $5.3 billion, or 2.0 percent, in March to $257.6 billion. Exports of goods decreased $5.1 billion, and exports of services decreased $0.2 billion. • The decrease in exports of goods reflected decreases in capital goods ($2.0 billion), in industrial supplies and materials ($1.9 billion), and in foods, feeds, and beverages ($1.3 billion). • The decrease in exports of services reflected a decrease in travel ($0.2 billion). Imports of goods and services decreased $5.4 billion, or 1.6 percent, in March to $327.0 billion. Imports of goods decreased $4.3 billion, and imports of services decreased $1.1 billion. • The decrease in imports of goods reflected decreases in automotive vehicles, parts, and engines ($4.7 billion) and in industrial supplies and materials ($1.6 billion). An increase in consumer goods ($3.0 billion) partly offset the decreases. • The decrease in imports of services reflected decreases in transport ($0.7 billion) and in travel ($0.4 billion). Real, or inflation-adjusted, statistics are also available for trade in goods (Census basis). The real goods deficit increased 1.4 percent in March, compared to a 1.1 percent increase in the nominal deficit. Real exports of goods decreased 3.2 percent, compared to a 3.0 percent decrease in nominal exports. Real imports of goods decreased 1.5 percent, compared to a 1.6 percent decrease in nominal imports. For more detailed information on trade by type of good or service and with major trading partners, see “U.S. International Trade in Goods and Services, March 2024.” U.S. Bureau of Economic Analysis statistics—including gross domestic product, personal income, the balance of payments, foreign direct investment, the Input-Output Accounts, and economic statistics for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. Note. The next release of U.S. international trade in goods and services will be on June 6, 2024.
@FedFRASER