The U.S. monthly international trade deficit increased in March 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.5 billion in February (revised) to $74.4 billion in March, as imports increased more than exports. The previously published February deficit was $71.1 billion. The goods deficit increased $3.6 billion in March to $91.6 billion. The services surplus decreased $0.3 billion in March to $17.1 billion.
Exports
Exports of goods and services increased $12.4 billion, or 6.6 percent, in March to $200.0 billion. Exports of goods increased $11.7 billion and exports of services increased $0.8 billion.
- The increase in exports of goods reflected increases in industrial supplies and materials ($5.2 billion), in capital goods ($2.9 billion), and in consumer goods ($2.0 billion).
- The increase in exports of services reflect increases in travel ($0.4 billion), in transport ($0.3 billion), and in financial services ($0.1 billion).
Imports
Imports of goods and services increased $16.4 billion, or 6.3 percent, in March to $274.5 billion. Imports of goods increased $15.3 billion and imports of services increased $1.1 billion.
- The increase in imports of goods reflected increases in consumer goods ($4.5 billion), in industrial supplies and materials ($3.7 billion), in capital goods ($3.3 billion), and in automotive vehicles, parts, and engines ($2.0 billion).
- The increase in imports of services reflected increases in transport ($0.9 billion) and in travel ($0.1 billion)
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