FOREX TradingCharts.com

Financial News: U.S. Trade Deficit Spikes To Record High In

U.S. Trade Deficit Spikes To Record High In March As Import Surge

05/06/2025 - 10:03:00 (RTTNews)

(RTTNews) - The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday.

The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.

Economists had expected the trade deficit to widen to $129.0 billion from the $122.7 billion originally reported for the previous month.

The much bigger than expected trade deficit came as the value of imports surged by 4.4 percent to $419.0 billion in March after coming in virtually unchanged at $401.2 billion in February.

The sharp increase by the value of imports partly reflected a spike by imports of consumer goods, particularly pharmaceuticals.

Imports of capital goods and automotive vehicles, parts and engines also saw notable growth, while imports of industrial supplies and materials saw a steep drop.

Meanwhile, the report said the value of exports crept up by 0.2 percent to $278.5 billion in March after jumping by 2.8 percent to $278.0 billion in February.

Increases in exports of industrial supplies and materials and automotive vehicles, parts and engines were largely offset by decreases in exports of civilian aircraft and services.

Nationwide Economist Daniel Vielhaber said the data "reiterates that businesses spent Q1 front-loading orders for consumer and capital goods"

"This is likely to reverse in Q2 as a fall in imports due to higher tariffs should lift the net exports component of growth," Vielhaber added. "However, with the new tariffs now in place, we look for a shift up in inflation, adding a headwind to already slowing consumer activity and economic growth."

The Commerce Department also said the goods deficit surged to $163.5 billion in March from $147.0 billion in February, while the services surplus narrowed to $23.0 billion in March from $23.8 billion in February.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Slovakia GDP Growth Eases As Estimated (09 hr(s), 37 min(s), 09 sec(s) ago)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story»

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply (10 hr(s), 22 min(s), 09 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story»

U.S. Job Growth Slightly Exceeds Estimates In May (11 hr(s), 09 min(s), 09 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

Austrian GDP Recovers Slightly Less Than Estimated (11 hr(s), 14 min(s), 09 sec(s) ago)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story»

U.S. Employment Jumps Slightly More Than Expected In May (12 hr(s), 17 min(s), 09 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

France Industrial Output Falls 1.4% (12 hr(s), 24 min(s), 09 sec(s) ago)
(RTTNews) - France's industrial production declined for the first time in three months in Apri ...Full Story»

French Trade Gap Widens In April (13 hr(s), 28 min(s), 09 sec(s) ago)
(RTTNews) - France's trade deficit increased in April as exports fell faster than imports, dat ...Full Story»

Russia Central Bank Cuts Rate By 100 Bps (14 hr(s), 07 min(s), 09 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate unexpectedly by 100 basis points ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Slovakia GDP Growth Eases As Estimated

06/06/2025 - 11:17 AM (RTTNews)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story>>

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply

06/06/2025 - 10:32 AM (RTTNews)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story>>

U.S. Job Growth Slightly Exceeds Estimates In May

06/06/2025 - 09:45 AM (RTTNews)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story>>

Austrian GDP Recovers Slightly Less Than Estimated

06/06/2025 - 09:40 AM (RTTNews)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story>>

U.S. Employment Jumps Slightly More Than Expected In May

06/06/2025 - 08:37 AM (RTTNews)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.