The U.S. monthly international trade deficit increased in February 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.8 billion in January (revised) to $71.1 billion in February, as exports decreased more than imports. The previously published January deficit was $68.2 billion. The goods deficit increased $2.8 billion in February to $88.0 billion. The services surplus decreased $0.5 billion in February to $16.9 billion.
Exports of goods and services decreased $5.0 billion, or 2.6 percent, in February to $187.3 billion. Exports of goods decreased $4.8 billion and exports of services decreased $0.2 billion.
- The decrease in exports of goods reflected decreases in capital goods ($2.5 billion), in consumer goods ($0.9 billion), in foods, feeds, and beverages ($0.7 billion), and in automotive vehicles, parts, and engines ($0.7 billion).
- The decrease in exports of services reflected a decrease in travel ($0.1 billion).
Imports of goods and services decreased $1.7 billion, or 0.7 percent, in February to $258.3 billion. Imports of goods decreased $2.0 billion and imports of services increased $0.3 billion.
- The decrease in imports of goods reflected decreases in automotive vehicles, parts, and engines ($3.4 billion) and in consumer goods ($2.7 billion). An increase in industrial supplies and materials ($3.5 billion) partly offset the decreases.
- The increase in imports of services reflected increases in transport ($0.2 billion) and in insurance services ($0.1 billion).
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