US Trade Deficit Hits Record High In March After the 2018-2019 rebound in the US Trade Balance to a three year low (as Trump 'adjusted' US-China's relationship), the trade deficit has surged from the start of the pandemic to the latest data in March, at $74.4 billion - the largest trade deficit in US history (from $71.1 billion a month earlier), in line with expectations. Source: Bloomberg The March goods deficit ($90.6 billion) was the highest on record, and the March non-petroleum deficit ($88.8 billion) was the highest on record. Overall, imports rose 6.3% to a record $274.5 billion, while exports climbed 6.6% to $200 billion. Source: Bloomberg Exports March exports of goods ($142.4 billion) were the highest since May 2018 ($142.7 billion). March exports of industrial supplies and materials ($51.5 billion) were the highest on record. March non-petroleum exports ($128.9 billion) were the highest on record. Imports March imports of goods ($233.0 billion) were the highest on record. March imports of consumer goods ($65.1 billion) were the highest on record. March imports of foods, feeds, and beverages ($14.0 billion) were the highest on record. March imports of capital goods ($63.0 billion) were the highest on record. March non-petroleum imports ($217.7 billion) were the highest on record. The deficit with China increased $6.7 billion to $36.9 billion in March. Exports increased $0.9 billion to $11.3 billion and imports increased $7.6 billion to $48.2 billion. Tyler Durden Tue, 05/04/2021 - 08:37