The monthly U.S. trade deficit in goods and services fell by 6.1 percent from its all-time high in February as exports hit a record high while imports were unchanged.
Imports declined only 0.02 percent from January to February, to $401.1 billion. Imports of goods were down 0.2 percent to $328.9 billion, with decreases of $2.6 billion for finished metal shapes, $1.3 billion for non-monetary gold, and $700 million for civilian aircraft along with increases of $1.5 billion for cell phones and other household goods and $1.2 billion for pharmaceutical preparations. Services imports were up 0.7 percent to a record $72.2 billion.
Exports rose 3.0 percent in February to $278.5 billion. Exports of goods gained 4.8 percent to $181.9 billion, with increases of $3.2 billion for non-monetary gold, $1.0 billion for passenger cars, and $600 million for trucks, buses, and special purpose vehicles along with a decrease of $1 billion for fuel oil. Services exports were down 0.4 percent to $96.5 billion.
The monthly U.S. trade deficit fell from $130.7 billion in January to $122.7 billion in February. The deficit in goods trade was down 5.6 percent to $147.0 billion while the services trade surplus fell 3.2 percent to $24.3 billion.
For the year to date the U.S. trade deficit was up 86.0 percent from the same period in 2024 as imports rose 21.4 percent and exports gained 4.6 percent.
For the month of February 2025, trade deficits and surpluses with major trading partners were as follows.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
European Union
|
$30.9 billion
|
+21.2
|
|
|
|
China
|
$26.6 billion
|
-10.4
|
|
|
|
Switzerland
|
$18.8 billion
|
-17.5
|
|
|
|
Mexico
|
$16.8 billion
|
+8.4
|
|
|
|
Ireland
|
$14.0 billion
|
+12.9
|
|
|
|
Vietnam
|
$12.4 billion
|
+4.2
|
|
|
|
Taiwan
|
$8.7 billion
|
+16.0
|
|
|
|
Germany
|
$8.1 billion
|
+6.6
|
|
|
|
Canada
|
$7.3 billion
|
-35.4
|
|
|
|
India
|
$5.6 billion
|
+33.3
|
|
|
|
Japan
|
$5.2 billion
|
-29.7
|
|
|
|
Italy
|
$5.1 billion
|
+45.7
|
|
|
|
South Korea
|
$4.5 billion
|
-16.7
|
|
|
|
Malaysia
|
$3.1 billion
|
+24.0
|
|
|
|
Australia
|
$2.1 billion
|
+5.0
|
|
|
|
Singapore
|
$1.5 billion
|
+50.0
|
|
|
|
France
|
$1.0 billion
|
-0.9
|
|
|
|
Israel
|
$0.7 billion
|
+16.7
|
|
|
|
South/Central America
|
|
|
$4.8 billion
|
+11.6
|
|
Netherlands
|
|
|
$4.1 billion
|
-4.7
|
|
United Kingdom
|
|
|
$3.4 billion
|
Shift from $0.5 billion deficit
|
|
Hong Kong
|
|
|
$2.4 billion
|
Shift from $1.4 billion deficit
|
|
Belgium
|
|
|
$0.8 billion
|
+33.3
|
|
Brazil
|
|
|
$0.4 billion
|
-33.3
|
|
Saudi Arabia
|
|
|
$0.2 billion
|
Shift from $0.1 billion deficit
|
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