March 2024 Trade Data Summary

Monthly Trade Data Summary

March 2024 Trade Data Is Live

Key highlights from the latest U.S. Census Bureau release

Key Metrics

Headline trade figures for March 2024

Total Imports

$258.8B

+7.0% vs prior month

Total Exports

$179.8B

+7.1% vs prior month

Trade Balance

$79.0B

Deficit

Biggest Increases

Products with the highest absolute import growth this month

#	Product	Current Value	Prior Month	Change
1	MEDICAMENTS NESOI, MEASURED DOSES, RETAIL PK NESOIHS 300490	$6.5B	$5.0B	+30.0%
2	PARTS & ACCESSORIES FOR ADP MACHINES & UNITSHS 847330	$3.6B	$2.3B	+60.7%
3	CRUDE OIL FROM PETROLEUM AND BITUMINOUS MINERALSHS 270900	$12.9B	$12.0B	+7.7%
4	IMMUNOLOGICAL PRODUCTS, MIXED, NOT IN MSRED DOSESHS 300214	$1.8B	$961.7M	+91.1%
5	PROCESSORS AND CONTROLLERS, ELECTRONIC INTEG CIRCTHS 854231	$2.3B	$1.5B	+56.1%

#1MEDICAMENTS NESOI, MEASURED DOSES, RETAIL PK NESOIHS 300490

Value: $6.5BPrev: $5.0B

#2PARTS & ACCESSORIES FOR ADP MACHINES & UNITSHS 847330

Value: $3.6BPrev: $2.3B

#3CRUDE OIL FROM PETROLEUM AND BITUMINOUS MINERALSHS 270900

Value: $12.9BPrev: $12.0B

#4IMMUNOLOGICAL PRODUCTS, MIXED, NOT IN MSRED DOSESHS 300214

Value: $1.8BPrev: $961.7M

#5PROCESSORS AND CONTROLLERS, ELECTRONIC INTEG CIRCTHS 854231

Value: $2.3BPrev: $1.5B

Biggest Decreases

Products with the largest import decline this month

#	Product	Current Value	Prior Month	Change
1	NUCLEIC ACIDS & SALTS; OTHER HETEROCYCLIC CMP, NESHS 293499	$532.2M	$785.8M	-32.3%
2	COMP WITH PYRIMIDINE OR PIPERAZINE RING, NESOIHS 293359	$581.5M	$817.7M	-28.9%
3	SMARTPHONESHS 851713	$3.1B	$3.4B	-6.9%
4	NATURAL GAS, GASEOUSHS 271121	$353.8M	$572.6M	-38.2%
5	UNWROUGHT ALUMINUM, NOT ALLOYEDHS 760110	$352.3M	$553.2M	-36.3%

#1NUCLEIC ACIDS & SALTS; OTHER HETEROCYCLIC CMP, NESHS 293499

Value: $532.2MPrev: $785.8M

#2COMP WITH PYRIMIDINE OR PIPERAZINE RING, NESOIHS 293359

Value: $581.5MPrev: $817.7M

#3SMARTPHONESHS 851713

Value: $3.1BPrev: $3.4B

#4NATURAL GAS, GASEOUSHS 271121

Value: $353.8MPrev: $572.6M

#5UNWROUGHT ALUMINUM, NOT ALLOYEDHS 760110

Value: $352.3MPrev: $553.2M

Country Shifts

Countries with the biggest changes in import value this month

KOREA, SOUTH

$11.6B imports

prev $9.6B

GERMANY

$14.3B imports

prev $12.3B

CHINA

$29.9B imports

prev $31.9B

IRELAND

$8.0B imports

prev $6.5B

MEXICO

$41.4B imports

prev $40.0B

Explore More

Dive deeper into the data behind this release

Opportunities

Scored trade opportunities based on growth and value

Trends

Monthly import and export trends over time

Products

Browse all HS product categories and detailed profiles