The Goods and Services Deficit Fell in February, Revised

Year-to-date, the goods and services deficit decreased 7.6% from the same period in 2018.

The goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

February exports were $209.7 billion, $2.3 billion more than January exports. February imports were $259.1 billion, $0.6 billion more than January imports.

The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $1.2 billion to $72.0 billion and an increase in the services surplus of $0.5 billion to $22.6 billion.

Year-to-date, the goods and services deficit decreased $8.3 billion, or 7.6%, from the same period in 2018. Exports increased $11.1 billion or 2.7%. Imports increased $2.8 billion or 0.5%.

Exports of goods increased $2.1 billion to $139.5 billion in February. Exports of goods on a Census basis increased $1.9 billion. Exports of services increased $0.2 billion to $70.1 billion in February.

Imports of goods increased $0.9 billion to $211.6 billion in February. Imports of goods on a Census basis increased $0.8 billion. Imports of services decreased $0.3 billion to $47.5 billion in February.

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