The U.S. goods and services trade deficit increased from $68.7 billion in January (revised) to $70.5 billion in February, as exports decreased more than imports. The goods deficit increased $2.7 billion to $93.0 billion, and the services surplus increased $0.8 billion to $22.4 billion.
Exports of goods and services decreased $6.9 billion, or 2.7 percent, in February to $251.2 billion. Exports of goods decreased $8.5 billion, and exports of services increased $1.7 billion.
- The decrease in exports of goods reflected decreases in industrial supplies and materials ($2.6 billion), in automotive vehicles, parts, and engines ($1.9 billion), in consumer goods ($1.4 billion), and in capital goods ($1.3 billion).
- The increase in exports of services reflected an increase in travel ($1.4 billion).
Imports of goods and services decreased $5.0 billion, or 1.5 percent, in February to $321.7 billion. Imports of goods decreased $5.8 billion, and imports of services increased $0.8 billion.
- The decrease in imports of goods reflected decreases in consumer goods ($3.7 billion) and in automotive vehicles, parts, and engines ($2.9 billion).
- The increase in imports of services reflected an increase in transport ($0.7 billion).
Real, or inflation-adjusted, statistics are also available for trade in goods. The real goods deficit increased 2.7 percent in February, compared to a 0.8 percent nominal increase. Real exports of goods decreased 4.1 percent, compared to a 3.8 percent nominal decrease. Real imports of goods decreased 1.5 percent, compared to a 2.2 percent nominal decrease.
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