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.