The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $122.7 billion in February, down $8.0 billion from $130.7 billion in January.

February exports were $278.5 billion, $8.0 billion more than January exports. February imports were $401.1 billion, less than $0.1 billion less than January imports.

The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $8.8 billion to $147.0 billion and a decrease in the services surplus of $0.8 billion to $24.3 billion.

Year-to-date, the goods and services deficit increased $117.1 billion, or 86.0 percent, from the same period in 2024. Exports increased $24.0 billion or 4.6 percent. Imports increased $141.2 billion or 21.4 percent.

The February figures show surpluses, in billions of dollars, with South and Central America ($4.8), Netherlands ($4.1), United Kingdom ($3.4), Hong Kong ($2.4), Belgium ($0.8), Brazil ($0.4), and Saudi Arabia ($0.2).

Deficits were recorded, in billions of dollars, with European Union ($30.9), China ($26.6), Switzerland ($18.8), Mexico ($16.8), Ireland ($14.0), Vietnam ($12.4), Taiwan ($8.7), Germany ($8.1), Canada ($7.3), India ($5.6), Japan ($5.2), Italy ($5.1), South Korea ($4.5), Malaysia ($3.1), Australia ($2.1), France ($1.5), Singapore ($1.1), and Israel ($0.7).

 

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