On May 6, local time, according to data released by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the U.S. international trade deficit in March 2025 was $140.5 billion, higher than $123.2 billion in February. Exports in March were $278.5 billion, while imports were $419 billion.
According to CNBC, as shipping companies reduce orders from global manufacturing partners, U.S. import volumes are rapidly declining, now spreading to export declines across the United States. Agricultural products such as soybeans, corn, and beef have been hit the hardest. According to the latest data from trade tracking agency Vizion, U.S. exports to the global market have declined at most U.S. ports since January.
Port data shows that the U.S. agricultural sector lacks the ability to transport products to global markets. Exports from Oregon Port have dropped by 51%, while exports from Tacoma Port, a major agricultural export hub, have declined by 28%. Ben Tracy, Vice President of Strategic Business Development at Vizion, stated that almost all U.S. exports have been impacted. (Jintian)
