---
source: Bureau of Economic Analysis (BEA) + U.S. Census Bureau
url: https://www.bea.gov/news/2026/us-international-trade-goods-and-services-march-2026
document_type: html
date_retrieved: 2026-05-05
period: March 2026
parent_publication: U.S. International Trade in Goods and Services (FT-900)
indicators_covered: [Balance of Trade, Exports, Imports, Goods Deficit, Services Surplus]
---

# U.S. International Trade in Goods and Services — March 2026

**Release:** Tuesday, May 5, 2026 | BEA 26—23 / CB 26—72  
**Reference period:** March 2026  
**Next release:** June 9, 2026 (April data)

---

## Headline Indicators (Balance of Payments basis, seasonally adjusted)

| Indicator | Value | vs. Prior |
|-----------|-------|-----------|
| **Trade Balance (Deficit)** | **$60.3 billion** | +$2.5 billion (Feb: $57.8B) |
| Exports | $320.9 billion | +$6.2 billion |
| Imports | $381.2 billion | +$8.7 billion |
| Goods Deficit | $88.7 billion | +$4.1 billion |
| Services Surplus | $28.4 billion | +$1.6 billion |

---

## Overview

The U.S. goods and services deficit widened to **$60.3 billion** in March, a $2.5 billion increase from the revised February deficit of $57.8 billion. The increase was driven by a larger rise in imports (+$8.7B) relative to exports (+$6.2B).

- **Exports** rose 2.0% to $320.9B, led by industrial supplies (+$5.0B, driven by crude oil +$2.8B) and foods/feeds (+$1.1B, led by soybeans +$0.9B).
- **Imports** rose 2.3% to $381.2B, led by automotive vehicles (+$3.6B), consumer goods (+$2.4B), and capital goods (+$2.1B).
- Services surplus expanded $1.6B to $28.4B; travel imports fell $1.0B.

Year-to-date (Jan–Mar 2026 vs. 2025), the deficit narrowed 55.0% to $211.2B as exports jumped 12.0% while imports fell 9.1%.

---

## Three-Month Moving Average (ending March)

- Average deficit: $57.6B (down $4.2B YoY)  
- Average exports: $312.6B (+$33.4B YoY)  
- Average imports: $370.2B (−$37.0B YoY)

---

## Real Goods (2017$ chained, Census basis)

- Real goods deficit: **$90.8B** (+6.7% MoM)  
- Real exports of goods: $163.0B (+1.2%)  
- Real imports of goods: $253.8B (+3.1%)

Real import growth outpaced export growth, widening the real deficit.

---

## Country/Region Balances (Goods only, March 2026, seasonally adjusted)

**Largest bilateral goods deficits:**

| Trading Partner | Deficit |
|-----------------|---------|
| Taiwan          | $20.6B  |
| Vietnam         | $19.2B  |
| Mexico          | $16.4B  |
| China           | $14.0B  |
| European Union  | $9.2B   |
| Germany         | $5.0B   |
| Japan           | $4.1B   |

**Largest bilateral goods surpluses:**

| Trading Partner | Surplus |
|-----------------|---------|
| Netherlands     | $7.4B   |
| United Kingdom  | $6.1B   |
| Hong Kong       | $5.8B   |
| South/Central America | $5.0B |
| Switzerland     | $4.3B   |

---

## Revisions (February 2026, final)

- Exports: goods +$0.1B; services −$0.2B  
- Imports: goods +$0.1B; services +$0.2B

---

## Source Notes

Published jointly by the **U.S. Census Bureau** (Census basis data) and **Bureau of Economic Analysis** (balance of payments adjustments). Data are seasonally adjusted but not price-adjusted for nominal values; real figures use chained 2017 dollars.

The full release includes 20 exhibits covering commodity breakdowns, detailed country tables, revisions analytics, and historical time series available in linked PDF/XLSX files.

**Source URL:** https://www.bea.gov/news/2026/us-international-trade-goods-and-services-march-2026  
**Census mirror:** https://www.census.gov/foreign-trade/Press-Release/current_press_release/index.html

---