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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $47.1 billion in February, up $1.2 billion from $45.9 billion in January, revised. February exports were $178.1 billion, $1.8 billion more than January exports. February imports were $225.1 billion, $3.0 billion more than January imports.
Exports of goods increased $1.8 billion to $118.6 billion in February.
Exports of goods on a Census basis increased $1.9 billion.
Net balance of payments adjustments decreased $0.1 billion.
Exports of services decreased less than $0.1 billion to $59.5 billion in February.
Imports of goods increased $2.7 billion to $183.3 billion in February.
Imports of goods on a Census basis increased $2.7 billion.
Net balance of payments adjustments decreased less than $0.1 billion.
Imports of services increased $0.3 billion to $41.8 billion in February.
The February figures show surpluses, in billions of dollars, with South and Central America ($2.7), OPEC ($1.9), Saudi Arabia ($1.3), and Brazil ($0.4). Deficits were recorded, in billions of dollars, with China ($32.1), European Union ($10.6), Japan ($5.4), Germany ($5.2), Mexico ($5.1), South Korea ($2.8), India ($2.4), Italy ($2.4), France ($1.5), Canada ($1.0), and United Kingdom ($0.5).
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