Business

US goods trade deficit up 17.8% in March

Imports of goods in March was $30.3B more than February imports

The US’ international goods trade deficit increased 17.8% in March from the previous month, according to results announced by the Census Bureau on Wednesday.

The goods trade deficit came in at $125.3 billion in March,up $19 billion from $106.3 billion in February.

In March, exports of goods were $169.3 billion, $11.4 billion more than February exports; however, imports of goods were $294.6 billion, $30.3 billion more than February imports.

Wholesale inventories in March came in at $837.7 billion in March, up 2.3% from the previous month.

Retail inventories in March stood at $684.3 billion, a gain of 2% from February 2022.

Source
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