US Trade Deficit Widens to $60.3 Billion in March

The US goods and services trade deficit widened to $60.3 billion in March, up $2.5 billion from February, as exports rose to $320.9 billion and imports increased to $381.2 billion, according to the US Census Bureau and US Bureau of Economic Analysis. The increase was driven by a larger goods deficit, partially offset by a higher services surplus.

Exports grew across categories such as industrial supplies and energy products, while imports rose mainly in automotive vehicles, consumer goods, and capital goods. Services imports declined slightly, especially in travel and intellectual property charges. Despite the monthly increase, the year-to-date deficit is still significantly lower than a year earlier due to stronger exports and weaker imports overall.