0332 GMT May 17, 2021
The trade deficit increased 5.6 percent to an all-time high of $74.4 billion in March, the Commerce Department said on Tuesday, Reuters reported.
Economists polled by Reuters had forecast a $74.5 billion trade gap in March.
The US goods and services deficit hit $70.5 billion in February.
Both imports and exports jumped during March, new figures from the US Bureau of Economic Analysis showed.
In total, US exports rose to $200 billion in March, $12.4 billion more than February.
That included a $5.2 billion increase in industrial supplies and materials (including $3.4 billion of nonmonetary gold); a $2.9 billion jump in capital goods such as semiconductors and electric apparatus; and a $2 billion increase in consumer goods, including artwork and gem diamonds.
But imports rose by $16.4 billion to $274.5 billion, including $4.5 billion of consumer goods such as household goods, clothes, furniture, toys and games; $3.7 billion of industrial supplies and materials such as oil; and $3.3 billion of capital goods.