- Advanced good trade balance $-84.6 billion versus -$90.1 billion estimate. The prior month came in at $92 billion.
- imports were $257.3 billion which was -2.5 billion less than February imports
- exports of goods were $172.7 billion which was +4.9 billion more than February exports
Good news on the trade front as exports increased while imports decreased. The deficit is the lowest since November deficit of $83.35 billion.
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The advance goods trade balance is an economic indicator that measures the difference between the value of exported and imported goods in the United States within a specific period. A positive balance indicates that the value of exports is greater than imports, while a negative balance signifies that imports exceed exports. The advance goods trade balance is released by the U.S. Census Bureau and the Bureau of Economic Analysis, usually a few days before the full trade balance report, which includes both goods and services. The US runs a good trade deficit while they run a services surplus.