In March, the United States ran a total trade deficit of
$60.31 billion.
The trade deficit is up $2.53 billion from February.
The trade deficit is 3 percent above the 12-month average.
In trade of goods, the U.S. ran a trade deficit of $88.71
billion, up $4.09 billion from February and 3 percent above the
12-month average.
In trade of services, the U.S. ran a trade surplus of $28.41
billion, up $1.56 billion from February and 3 percent above the
12-month average.
Total exports was $320.86 billion, up $6.19 billion
from February and 9 percent above the 12-month average.
Total exports of goods was $213.46 billion, up
$6.48 billion from February.
Total exports of services was $107.40 billion, down
$299.00 million from February.
Total imports was $381.16 billion, up $8.72 billion
from February and 8 percent above the 12-month average.
Total imports of goods was $302.17 billion, up
$10.57 billion from February.
Total imports of services was $78.99 billion, down
$1.86 billion from February.
From March 2025 to March 2026:
Over the 12 months through March 2026, the U.S. ran a total trade
deficit of $700.49 billion.
In trade of goods, the U.S. ran a trade deficit of $1.03
trillion.
In trade of services, the U.S. ran a trade surplus of
$331.39 billion.
Total exports was $3.53 trillion.
Total exports of goods was $2.28 trillion.
Total exports of services was $1.25 trillion.
Total imports was $4.23 trillion.
Total imports of goods was $3.31 trillion.
Total imports of services was $923.34 billion.
Table 1. Trade balance
Mar 2026
Mar 2025
Y/Y difference
12-month average
Past 12 months
Goods
Exports
$213.46B
$183.90B
16.07%
$189.62B
$2.28T
– Imports
$302.17B
$345.96B
-12.66%
$275.61B
$3.31T
Goods trade balance
-$88.71B
-$162.06B
-45.26%
-$85.99B
-$1.03T
Services
Exports
$107.40B
$99.23B
8.23%
$104.56B
$1.25T
– Imports
$78.99B
$73.03B
8.17%
$76.95B
$923.34B
Services trade balance
$28.41B
$26.20B
8.40%
$27.62B
$331.39B
Total
Exports
$320.86B
$283.13B
13.32%
$294.18B
$3.53T
– Imports
$381.16B
$418.99B
-9.03%
$352.55B
$4.23T
Total trade balance
-$60.31B
-$135.86B
-55.61%
-$58.37B
-$700.49B
Census basis
The Bureau of Economic Analysis adjusted the March 2026 Census basis
figures for goods exports by about 0.00 percent, and for goods imports
by about 0.01 percent. See the Notes section for more information about
these adjustments. This section reports the trade figures for
goods as collected by the U.S. Census Bureau without
adjustment unless specified otherwise.
Over the 12 months through March 2026, the U.S. had the largest
goods trade deficits with:
Mexico, with net exports of -$194.42 billion, 18.96
percent of the total goods trade deficit.
Vietnam, with net exports of -$193.35 billion,
18.86 percent of the total goods trade deficit.
Taiwan, with net exports of -$177.28 billion, 17.29
percent of the total goods trade deficit.
Over the 12 months through March 2026, the U.S. had the largest
goods trade surpluses with:
Netherlands, with net exports of $68.49 billion,
-6.68 percent of the total goods trade deficit.
United Kingdom, with net exports of $47.42 billion,
-4.63 percent of the total goods trade deficit.
Hong Kong, with net exports of $40.32 billion,
-3.93 percent of the total goods trade deficit.