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    Commerce Deficit at $69.4 Billion in March

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    by Calculated Threat on 5/02/2024 08:46:00 AM

    The Census Bureau and the Bureau of Financial Evaluation reported:

    The U.S. Census Bureau and the U.S. Bureau of Financial Evaluation introduced at this time that
    the products and providers deficit was $69.4 billion in March, down $0.1 billion from $69.5 billion in February,
    revised.

    March exports had been $257.6 billion, $5.3 billion lower than February exports. March imports had been $327.0
    billion, $5.4 billion lower than February imports.
    emphasis added

    Click on on graph for bigger picture.

    Each exports imports decreased in March.

    Exports are unchanged year-over-year; imports are up 3.1% year-over-year.

    Each imports and exports decreased sharply attributable to COVID-19 after which bounced again – imports and exports have usually elevated not too long ago.

    The second graph reveals the U.S. commerce deficit, with and with out petroleum.

    U.S. Trade Deficit The blue line is the entire deficit, and the black line is the petroleum deficit, and the crimson line is the commerce deficit ex-petroleum merchandise.

    Be aware that web, exports of petroleum merchandise are optimistic and have been rising.

    The commerce deficit with China elevated to $17.2 billion from $16.6 billion a yr in the past.

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