U.S. International Trade in Goods and Services, March 2023 EMBARGOED UNTIL RELEASE AT 8:30 a.m. EDT, Thursday, May 4, 2023

 

BEA News: U.S. International Trade in Goods and Services, March 2023 The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: The U.S. monthly international trade deficit decreased in March 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $70.6 billion in February (revised) to $64.2 billion in March as exports increased and imports decreased. The goods deficit decreased $6.4 billion in March to $86.6 billion. The services surplus decreased less than $0.1 billion in March to $22.4 billion. U.S. International Trade in Goods and Services Deficit Deficit: $64.2 Billion –9.1%° Exports: $256.2 Billion +2.1%° Imports: $320.4 Billion –0.3%° Next release: Wednesday, June 7, 2023 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, May 4, 2023 Exports, Imports, and Balance (exhibit 1) The full text of the release can be found at: www.bea.gov/news/2023/us-international-trade-goods-and-services-march-2023