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U.S. international trade in goods and services, February 2019

US trade

Goods and Services Trade Deficit, February 2019

U.S. International Trade in Goods and Services Deficit
Deficit:$49.4 Billion-3.4%°
Exports:$209.7 Billion+1.1%°
Imports:$259.1 Billion+0.2%°
Next release: May 9, 2019

(°) Statistical significance is not applicable or not measurable.
Data adjusted for seasonality but not price changes

Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, April 17, 2019

Exports, Imports, and Balance (exhibit 1)

February exports were $209.7 billion, $2.3 billion more than January exports. February imports were $259.1 billion, $0.6 billion more than January imports.

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The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $1.2 billion to $72.0 billion and an increase in the services surplus of $0.5 billion to $22.6 billion.

Year-to-date, the goods and services deficit decreased $8.3 billion, or 7.6 percent, from the same period in 2018. Exports increased $11.1 billion or 2.7 percent. Imports increased $2.8 billion or 0.5 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit decreased $0.4 billion to $53.5 billion for the three months ending in February.

  • Average exports increased $0.1 billion to $207.5 billion in February.
  • Average imports decreased $0.3 billion to $261.0 billion in February.

Year-over-year, the average goods and services deficit decreased $0.1 billion from the three months ending in February 2018.

  • Average exports increased $3.8 billion from February 2018.
  • Average imports increased $3.7 billion from February 2018.

Exports (exhibits 3, 6, and 7)

Exports of goods increased $2.1 billion to $139.5 billion in February.

Exports of goods on a Census basis increased $1.9 billion.

  • Capital goods increased $2.1 billion.
    • Civilian aircraft increased $2.2 billion.
  • Automotive vehicles, parts, and engines increased $0.6 billion.
  • Industrial supplies and materials decreased $0.4 billion.

Net balance of payments adjustments increased $0.2 billion.

Exports of services increased $0.2 billion to $70.1 billion in February.

  • Transport increased $0.2 billion.
  • Other business services, which includes research and development services; professional and management services; and technical, trade-related, and other services, increased $0.1 billion.

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