04/04/2024 | News release | Distributed by Public on 04/04/2024 06:50
The U.S. goods and services trade deficit increased from $67.6 billion in January (revised) to $68.9 billion in February, as imports increased more than exports. The goods deficit decreased $0.3 billion to $91.4 billion, and the services surplus decreased $1.6 billion to $22.5 billion.
Exports of goods and services increased $5.8 billion, or 2.3 percent, in February to $263.0 billion. Exports of goods increased $5.0 billion, and exports of services increased $0.8 billion.
Imports of goods and services increased $7.1 billion, or 2.2 percent, in February to $331.9 billion. Imports of goods increased $4.7 billion, and imports of services increased $2.4 billion.
Real, or inflation-adjusted, statistics are also available for trade in goods (Census basis). The real goods deficit increased 1.2 percent in February, compared to a 0.3 percent decrease in the nominal deficit. Real exports of goods increased 2.1 percent, compared to a 2.9 percent increase in nominal exports. Real imports of goods increased 1.7 percent, compared to a 1.8 percent increase in nominal imports.
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