Trade Deficit Widened by $1.9B in February

Washington, DC, April 5, 2023-The goods and services deficit was $70.5 billion in February, up $1.9 billion from $68.7 billion in January, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

February exports were $251.2 billion, $6.9 billion less than January exports. February imports were $321.7 billion, $5.0 billion less than January imports.

The February increase in the goods and services deficit reflected an increase in the goods deficit of $2.7 billion to $93.0 billion and an increase in the services surplus of $0.8 billion to $22.4 billion.

Year-to-date, the goods and services deficit decreased $35.5 billion, or 20.3%, from the same period in 2022. Exports increased $49.5 billion or 10.8%. Imports increased $14.0 billion or 2.2%.