Goods and Services Deficit Declined in February

Washington, DC, April 4, 2017—The goods and services deficit was $43.6 billion in February, down $4.6 billion from $48.2 billion in January, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced.

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.

The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $4.6 billion to $65.0 billion and an increase in the services surplus of less than $0.1 billion to $21.4 billion.

Year-to-date, the goods and services deficit increased $2.8 billion, or 3.1%, from the same period in 2016. Exports increased $25.8 billion or 7.2%. Imports increased $28.6 billion or 6.4%.