Research >> Economics
Goods and Services Deficit Increased in February 2010
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The Nation’s international trade deficit in goods and services increased to $39.7 billion in February from $37.0 billion (revised) in January, as imports increased more than exports
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total February exports of $143.2 billion and imports of $182.9 billion resulted in a goods and services deficit of $39.7 billion, up from $37.0 billion in January, revised. February exports were $0.3 billion more than January exports of $142.9 billion. February imports were $3.0 billion more than January imports of $179.8 billion.
In February, the goods deficit increased $1.9 billion from January to $51.3 billion, and the services surplus decreased $0.8 billion to $11.6 billion. Exports of goods increased $0.1 billion to $98.5 billion, and imports of goods increased $2.0 billion to $149.8 billion. Exports of services increased $0.2 billion to $44.7 billion, and imports of services increased $1.0 billion to $33.1 billion.
In February, the goods and services deficit increased $13.2 billion from February 2009. Exports were up $17.9 billion, or 14.3 percent, and imports were up $31.1 billion, or 20.5 percent.
Posted: April 13, 2010 Tuesday 08:30 AM