Imports to the U.S. continued to outpace the country’s exports, as the U.S. trade deficit swelled to $51.8 billion from $45.4 billion a month earlier.
Total exports during the month increased by $5.3 billion to $186.8 billion, as imports rose $11.7 billion to $238.6 billion.
Below, total imports to exports over the past few years.
Photo: U.S. Census Bureau
The U.S. ran trade surpluses with Hong Kong, Australia, Singapore, and Egypt, and recorded deficits with China, the E.U., OPEC, Japan, and a number of other countries.
The deficit with China accounted for some 42 per cent of the overall trade balance.
Minutes away from monthly trade data in the U.S., with expectations for the trade balance to widen by $4 billion to -$50 billion in March.
Expectations range from a slight month-on-month decline to -$45 billion to an increase to -$54 billion.
The U.S. Census Bureau will release March data at 8:30 a.m.
Economists forecast the import price index will decline 0.2 per cent sequentially in April, reversing March’s 1.3 per cent increase.