U.S. Trade Deficit Widens on Export Decline

The U.S.’s trade deficit widened significantly in March 2025, reaching $140.5 billion, according to recent data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. This increase marks a notable jump from February’s deficit of $123.2 billion. Exports during March totaled $278.5 billion, while imports reached $419 billion. ^[1] CNBC reports that a decline in orders by shipping companies from global manufacturing partners has led to a nationwide decrease in both imports and exports, affecting agricultural products such as soybeans, corn, and beef heavily.