The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, reported exports in February reached $186.0 billion and imports totaled $228.9 billion, resulting in a goods and services deficit of $43.0 billion, down from $44.5 billion in January.
February exports were $1.6 billion more than January exports of $184.4 billion, and imports were $0.1 billion more than January imports of $228.9 billion.
In February, the goods deficit fell $1.5 billion from January to $60.2 billion, while the services surplus was basically flat from January at $17.3 billion. Although exports of goods rose $1.3 billion month-to-month to $132.2 billion, imports of goods dropped $0.1 billion to $192.4 billion. Exports of services increased $0.2 billion to $53.8 billion, and imports of services improved $0.2 billion to $36.5 billion.
The goods and services deficit decreased $1.6 billion from February 2012 to February 2013. Exports were up $5.8 billion year-over-year, or 3.2 percent, and imports were up $4.2 billion, or 1.9 percent.