Information, deadlines and resource documents for U.S. tariff actions and the responses by the rest of the world.
Internationally recognized trade compliance training.
Subscribe to daily updates
The U.S. trade deficit in goods and services declined 3.5 percent in February after a 14.7 percent drop in January, according to trade statistics released April 17 by the Department of Commerce. The monthly deficit of $49.4 billion reflected a 1.1 percent increase in exports to $209.7 billion and a 0.2 percent rise in imports to $259.1 billion. For the year to date the deficit was down 7.6 percent from the same period in 2018 as a 2.7 percent increase in exports outpaced a 0.5 percent increase in imports.
The deficit in goods trade dropped 1.6 percent to $72.0 billion in February. Imports of goods edged up 0.4 percent to $211.6 billion, including a $2.1 billion increase in cell phones and other household goods along with a $1.2 billion decrease in industrial supplies and materials. Exports of goods were up 1.5 percent to $139.5 billion, including increases of $2.2 billion in civilian aircraft and $600 million in automotive vehicles, parts, and engines along with a $400 million decline in industrial supplies and materials.
The services surplus rose 2.3 percent for the second straight month, to $22.6 billion. Imports slipped 0.6 percent to $47.5 billion while exports edged up 0.3 percent to $70.1 billion.
Shift from deficit of <$0.1 billion