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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 $43.6 billion in February, down $4.6 billion from $48.2 billion in January, revised. February exports were $192.9 billion, $0.4 billion more than January exports. February imports were $236.4 billion, $4.3 billion less than January imports.
Exports of goods increased $0.4 billion to $128.5 billion in February.
Exports of goods on a Census basis increased $0.5 billion.
Exports of services increased less than $0.1 billion to $64.4 billion in February.
Imports of goods decreased $4.2 billion to $193.4 billion in February.
Imports of goods on a Census basis decreased $4.1 billion.
Imports of services decreased less than $0.1 billion to $43.0 billion in February.
The February figures show surpluses, in billions of dollars, with Hong Kong ($3.3), South and Central America ($2.0), Singapore ($1.1), Brazil ($0.5), and United Kingdom ($0.2). Deficits were recorded, in billions of dollars, with China ($31.7), European Union ($12.0), Mexico ($6.2), Germany ($5.4), Japan ($4.9), Canada ($2.4), OPEC ($2.2), Italy ($2.1), South Korea ($1.9), India ($1.8), France ($1.3), Saudi Arabia ($1.2), and Taiwan ($1.1).
NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.
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