According to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, total March exports of $184.3 billion and imports of $223.1 billion resulted in a goods and services deficit of $38.8 billion, down from February’s revised figure of $43.6 billion.
Apparel and clothing accessories exports were up 12.6% month-on-month to $313 million in March, while imports fell 15.6% to $5.904 billion.
For footwear, exports rose 18.75% to reach $76 million, while imports were down 31.9% to $1.535 billion.
The total March export figure was down $1.7 billion on February’s total of $186 billion, while imports were $6.5 billion down on the February figure of $229.6 billion.
The goods deficit fell $4.6 billion month-on-month to $56.1 billion, while the services surplus was up $0.2 billion from $17.3 billion.
While exports of goods were down $1.8 billion to $130.3 billion, imports of goods fell $6.4 billion to $186.5 billion.
Meanwhile, exports of services edged up $0.1 billion to $53.9 billion, while imports of services fell by the same amount to $36.6 billion.
The goods and services deficit was down $12.9 billion year-on-year in March, with exports falling 0.2% and imports down 5.6%.