Trade balance gap widens in March, Inventories Mixed

Advance International Trade in Goods
The international trade deficit was $64.2 billion in March, up $4.3 billion from $59.9 billion in February. Exports of goods for March were $127.6 billion, $9.1 billion less than February exports. Imports of goods for March were $191.9 billion, $4.8 billion less than February imports.

Advance Wholesale Inventories
Wholesale inventories for March, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $650.0 billion, down 1.0 percent (±0.2 percent) from February 2020, and were down 2.0 percent (±0.9 percent) from March 2019. The January 2020 to February 2020 percentage change was revised from down 0.7 percent (±0.2 percent) to down 0.6 percent (±0.2 percent).

Advance Retail Inventories
Retail inventories for March, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $666.8 billion, up 0.9 percent (±0.2 percent) from February 2020, and were up 0.6 percent (±0.7 percent)* from March 2019. The January 2020 to February 2020 percentage change was revised from down 0.3 percent (±0.2 percent) to down 0.4 percent (±0.4 percent).