Exports, Imports, and Balance
February exports were $263.0 billion, $5.8 billion more than January exports. February imports were $331.9 billion, $7.1 billion more than January imports.
The February increase in the goods and services deficit reflected a decrease in the goods deficit of $0.3 billion to $91.4 billion and a decrease in the services surplus of $1.6 billion to $22.5 billion.
Year-to-date, the goods and services deficit decreased $3.9 billion, or 2.8 percent, from the same period in 2023. Exports increased $9.3 billion or 1.8 percent. Imports increased $5.4 billion or 0.8 percent.
Three-Month Moving Averages
The average goods and services deficit increased $2.1 billion to $66.9 billion for the three months ending in February.
- Average exports increased $3.0 billion to $259.0 billion in February.
- Average imports increased $5.1 billion to $325.9 billion in February.
Year-over-year, the average goods and services deficit decreased $3.7 billion from the three months ending in February 2023.
- Average exports increased $5.3 billion from February 2023.
- Average imports increased $1.6 billion from February 2023.
Exports
Exports of goods increased $5.0 billion to $176.7 billion in February.
Exports of goods on a Census basis increased $5.0 billion.
- Industrial supplies and materials increased $2.9 billion.
- Crude oil increased $1.1 billion.
- Nonmonetary gold increased $0.6 billion.
- Foods, feeds, and beverages increased $1.7 billion.
- Soybeans increased $1.0 billion.
- Capital goods increased $1.5 billion.
- Civilian aircraft increased $1.4 billion.
- Automotive vehicles, parts, and engines decreased $1.3 billion.
- Passenger cars decreased $0.9 billion.
Net balance of payments adjustments decreased less than $0.1 billion.
Exports of services increased $0.8 billion to $86.4 billion in February.
- Travel increased $0.4 billion.
- Transport increased $0.3 billion.
Imports
Imports of goods increased $4.7 billion to $268.1 billion in February.
Imports of goods on a Census basis increased $4.8 billion.
- Consumer goods increased $1.6 billion.
- Cell phones and other household goods increased $1.4 billion.
- Pharmaceutical preparations decreased $1.3 billion.
- Foods, feeds, and beverages increased $1.3 billion.
- Other foods increased $0.5 billion.
- Automotive vehicles, parts, and engines increased $1.1 billion.
- Other automotive parts and accessories increased $0.5 billion.
Net balance of payments adjustments decreased less than $0.1 billion.
Imports of services increased $2.4 billion to $63.8 billion in February.
- Travel increased $1.3 billion.
- Transport increased $1.0 billion.
