U.S. Trade Deficit Rose to $57.6 billion in February

The U.S. monthly international trade deficit increased from $56.7 billion in January (revised) to $57.6 billion in February according to the U.S. Bureau of Economic Analysis, as imports increased more than exports. The goods deficit increased $0.3 billion in February to $77.0 billion. The services surplus decreased $0.6 billion in February to $19.4 billion.

Exports
Exports of goods and services increased $3.5 billion, or 1.7 percent, in February to $204.4 billion. Exports of goods increased $3.0 billion and exports of services increased $0.5 billion.
The increase in exports of goods mostly reflected increases in industrial supplies and materials ($2.0 billion), in automotive vehicles, parts, and engines ($0.9 billion), and in capital goods ($0.7 billion). A decrease in consumer goods ($0.8 billion) partly offset the increases.
The increase in exports of services mostly reflected increases in transport ($0.2), in travel (for all purposes including education) ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion).

Imports
Imports of goods and services increased $4.4 billion, or 1.7 percent, in February to $262.0 billion. Imports of goods increased $3.3 billion and imports of services increased $1.1 billion.
The increase in imports of goods mostly reflected increases in capital goods ($1.8 billion), in industrial supplies and materials ($0.8 billion), and in foods, feeds, & beverages ($0.8 billion).
The increase in imports of services mostly reflected an increase in charges for the use of
intellectual property ($1.0 billion), which included payments for the rights to broadcast the 2018 Winter Olympic Games.

Goods By Geographic Area

The deficit with Mexico increased $1.0 billion to $6.6 billion in February. Exports decreased less than $0.1 billion to $21.9 billion and imports increased $0.9 billion to $28.5 billion.
The deficit with Germany increased $0.4 billion to $6.7 billion in February. Exports decreased $0.2 billion to $4.7 billion and imports increased $0.2 billion to $11.3 billion.
The deficit with Canada decreased $1.2 billion to $0.4 billion in February. Exports increased $1.2 billion to $26.1 billion and imports increased less than $0.1 billion to $26.4 billion.

For further information visit www.bea.gov/.