The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $140.5 billion in March, up $17.3 billion from $123.2 billion in February, revised.

March exports were $278.5 billion, $0.5 billion more than February exports. March imports were $419.0 billion, $17.8 billion more than February imports.

The March increase in the goods and services deficit reflected an increase in the goods deficit of $16.5 billion to $163.5 billion and a decrease in the services surplus of $0.8 billion to $23.0 billion.

Year-to-date, the goods and services deficit increased $189.6 billion, or 92.6 percent, from the same period in 2024. Exports increased $41.1 billion or 5.2 percent. Imports increased $230.7 billion or 23.3 percent.