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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

April 02, 2026
US TRADE BALANCE, FEBRUARY 2026

Month over month (February 2026 vs January 2026)

The US trade deficit in goods and services widened by $2.7 billion to $57.3 billion in February. The goods deficit widened by $2.5 billion to $84.6 billion while the services surplus narrowed by $0.2 billion to $27.3 billion.

Total US exports increased $12.6 billion to $314.8 billion. Goods exports increased $11.5 billion to $206.9 billion, and services exports increased $1.1 billion to $107.9 billion.

Total imports increased $15.2 billion to $372.1 billion. Goods imports increased $14.0 billion to $291.5 billion, and services imports increased $1.3 billion to $80.6 billion.

Year over year (February 2026 vs February 2025) 

Compared with February 2025, the US trade deficit narrowed by $62.4 billion. The goods deficit narrowed by $62.1 billion and the services surplus increased by $302 million.

Total exports increased by 12.2% (+$34.1 billion). Goods exports increased 14.5% (+$26.3 billion), services exports increased 7.8% (+$7.8 billion). 

Total imports decreased 7.1% (-$28.3 billion). Goods imports decreased 11.0% (-$35.9 billion), and services imports increased 10.3% (+$7.5 billion).

Source: US Bureau of Economic Analysis: US International Trade in Goods and Services; retrieved from Federal Reserve Bank of St. Louis



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