BlockBeats news, on May 6, local time, data released by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau shows that the U.S. international trade deficit in March 2025 was $140.5 billion, up from $123.2 billion in February. March exports were $278.5 billion, while imports were $419 billion.
According to CNBC reports, due to shipping companies cutting orders from global manufacturing partners, U.S. import volumes have rapidly declined, resulting in a widespread drop in exports across the country. Agricultural products such as soybeans, corn, and beef have been hit the hardest. According to the latest data from trade tracking agency Vizion, since January, the decline in U.S. exports to the global market has spread to most U.S. ports.
Port data shows that the U.S. agricultural sector lacks the ability to transport products to global markets. Exports from Oregon's port have decreased by 51%, and exports from the major agricultural export port of Tacoma have decreased by 28%. Ben Tracy, Vice President of Strategic Business Development at Vizion, stated that almost all U.S. exports have been impacted. (Golden Ten)