- The U.S. exported $179.5 billion worth of goods in March 2022, while importing $297.0 billion. That makes for a monthly trade deficit of $117.5 billion, which is 14.2% larger than the previous record of $102.9 billion set in November 2021.
- The biggest portion of the U.S.' record March 2022 trade deficit was in the category of electric machinery.
- The large number of imports recorded during the month may be attributable to progress finally being made in unloading the backlog of large container ships that queued up in large numbers outside U.S. seaports during 2021.
For further details see:
The Largest Trade Deficit In U.S. History