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April 07, 2021US TRADE BALANCE, FEBRUARY 2021 Month over month (Feb-21 vs Jan-21)
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the month-over-month net trade deficit widened by $3.3 billion to $71.1 billion. Goods trade deficit widened by $2.8 billions to $88.0 billion. Services trade surplus narrowed by $0.5 billion to $16.9 billion.
Total exports decreased 2.6% (-$5.0 billion) to $187.3 billion. Exports of goods decreased 3.5% (-$4.8 billion) to $131.1 billion. Exports of services decreased 0.4% (-$0.2 billion) to $56.1 billion.
Total imports decreased 0.7% (-$1.7 billion) to $258.3 billion. Imports of goods decreased 0.9% (-$2.0 billion) to $219.1 billion. Imports of services increased 0.6% ($0.3 billion) to $39.2 billion.
Year over year (Feb 2021 vs Feb 2020)
In the United States, Net trade deficit widened by 87.0% ($33.1 billions), Net trade Goods deficit widened by 45.7% ($27.6 billions). Net trade Services surplus narrowed by 24.4% (-$5.5 billions).
Total exports narrowed by 10.0% (-$20.8 billions). Exports of goods narrowed by 5.1% (-$7.1 billions). Exports of services narrowed by 19.6% (-$13.7 billions).
Total imports widened by 5.0% ($12.3 billions). Imports of goods widened by 10.3% ($20.5 billions). Imports of services narrowed by 17.4% (-$8.2 billions).
Year-to-date (Jan-Feb 2021 vs Jan-Feb 2020)
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the year-to-date net trade deficit narrowed by $56.5 billions to $138.9 billion over the same period last year. Goods deficit narrowed by $46.1 billions to $173.2 billion while Services surplus narrowed by $10.5 billions to $34.3 billion.
Total exports decreased 8.7% (-$36.2 billion). Exports of goods decreased 3.0% (-$8.2 billion). Exports of services decreased 19.9% (-$28.0 billion).
Total imports decreased 4.1% (-$20.3 billion). Imports of goods decreased 9.4% (-$37.8 billion). Imports of services decreased 18.3% (-$17.5 billion).
REFERENCES
U.S. Census Bureau and U.S. Bureau of Economic Analysis, Trade Balance: retrieved from FRED, Federal Reserve Bank of St. Louis;
BOPGSTB Trade Balance: Goods and Services, Balance of Payments Basis
BOPGTB Trade Balance: Goods, Balance of Payments Basis
BOPSTB Trade Balance: Services, Balance of Payments Basis
BOPTEXP Exports of Goods and Services, Balance of Payments Basis
BOPGEXP Exports of Goods, Balance of Payments Basis
BOPSEXP Exports of Services, Balance of Payments Basis
BOPTIMP Imports of Goods and Services: Balance of Payments Basis
BOPGIMP Imports of Goods: Balance of Payments Basis
BOPSIMP Imports of Services, Balance of Payments Basis
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