U.S. Trade Deficit Drops in March

he U.S. trade deficit fell to $55 billion in March from an all-time high of $61 billion in February, the Commerce Department reported Tuesday.

The figure surprised analysts, who had projected another monthly deficit in excess of $61 billion, Bloomberg reported.

Trucks are used both to deliver imports to local stores and to move exports from factories to airplanes or ships for overseas shipment.

Imports fell 2.5% in March, to a three-month low of $157.2 billion. Exports rose 1.5% to $102.2 billion, Commerce reported.