Exports, Imports, and Balance (exhibit 1)

March exports were $320.9 billion, $6.2 billion more than February exports. March imports were $381.2 billion, $8.7 billion more than February imports.

The March increase in the goods and services deficit reflected an increase in the goods deficit of $4.1 billion to $88.7 billion and an increase in the services surplus of $1.6 billion to $28.4 billion.

Year-to-date, the goods and services deficit decreased $211.2 billion, or 55.0 percent, from the same period in 2025. Exports increased $100.2 billion or 12.0 percent. Imports decreased $111.0 billion or 9.1 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit decreased $4.2 billion to $57.6 billion for the three months ending in March.

• Average exports increased $11.5 billion to $312.6 billion in March.
• Average imports increased $7.3 billion to $370.2 billion in March.

Year-over-year, the average goods and services deficit decreased $70.4 billion from the three months ending in March 2025.

• Average exports increased $33.4 billion from March 2025.
• Average imports decreased $37.0 billion from March 2025.

Exports (exhibits 3, 6, and 7)

Exports of goods increased $6.5 billion to $213.5 billion in March.

Exports of goods on a Census basis increased $6.2 billion.

• Industrial supplies and materials increased $5.0 billion.
  • Crude oil increased $2.8 billion.
  • Other petroleum products increased $1.7 billion.
  • Fuel oil increased $1.6 billion.
  • Other precious metals decreased $1.6 billion.
• Foods, feeds, and beverages increased $1.1 billion.
  • Soybeans increased $0.9 billion.
• Consumer goods decreased $1.7 billion.

Net balance of payments adjustments increased $0.3 billion.

Exports of services decreased $0.3 billion to $107.4 billion in March.

• Travel decreased $1.1 billion.
• Transport increased $0.2 billion.
• Financial services increased $0.1 billion.
• Other business services increased $0.1 billion.

Imports (exhibits 4, 6, and 8)

Imports of goods increased $10.6 billion to $302.2 billion in March.

Imports of goods on a Census basis increased $10.2 billion.

• Automotive vehicles, parts, and engines increased $3.6 billion.
  • Passenger cars increased $2.8 billion.
• Consumer goods increased $2.4 billion.
• Capital goods increased $2.1 billion.
  • Computer accessories increased $2.0 billion.
  • Computers decreased $2.3 billion.
• Industrial supplies and materials increased $2.1 billion.

Net balance of payments adjustments increased $0.4 billion.

Imports of services decreased $1.9 billion to $79.0 billion in March.

• Charges for the use of intellectual property decreased $1.0 billion.
• Transport decreased $0.4 billion.
• Travel decreased $0.4 billion.

Real Goods in 2017 Dollars – Census Basis (exhibit 11)

The real goods deficit increased $5.7 billion, or 6.7 percent, to $90.8 billion in March, compared to a 4.7 percent increase in the nominal deficit.

• Real exports of goods increased $1.9 billion, or 1.2 percent, to $163.0 billion, compared to a 3.0 percent increase in nominal exports.
• Real imports of goods increased $7.6 billion, or 3.1 percent, to $253.8 billion, compared to a 3.5 percent increase in nominal imports.

Revisions

Revisions to February exports

• Exports of goods were revised up $0.1 billion.
• Exports of services were revised down $0.2 billion.

Revisions to February imports

• Imports of goods were revised up $0.1 billion.
• Imports of services were revised up $0.2 billion.

Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

The March figures show surpluses, in billions of dollars, with Netherlands ($7.4), United Kingdom ($6.1), Hong Kong ($5.8), South and Central America ($5.0), Switzerland ($4.3), Australia ($2.2), Singapore ($1.9), Brazil ($1.4), and Belgium ($0.6). Deficits were recorded, in billions of dollars, with Taiwan ($20.6), Vietnam ($19.2), Mexico ($16.4), China ($14.0), European Union ($9.2), Germany ($5.0), South Korea ($4.8), Japan ($4.1), Malaysia ($4.0), India ($3.8), Canada ($3.6), Ireland ($2.9), Italy ($2.3), Saudi Arabia ($0.7), and Israel ($0.4).

• The deficit with the European Union increased $4.1 billion to $9.2 billion in March. Exports decreased $0.3 billion to $37.2 billion and imports increased $3.8 billion to $46.4 billion.
• The surplus with Switzerland decreased $3.5 billion to $4.3 billion in March. Exports decreased $3.9 billion to $8.2 billion and imports decreased $0.3 billion to $3.9 billion.
• The deficit with South Korea decreased $2.9 billion to $4.8 billion in March. Exports increased $1.8 billion to $7.5 billion and imports decreased $1.0 billion to $12.2 billion.

All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

Next release: June 9, 2026
U.S. International Trade in Goods and Services, April 2026