Trade Deficit Sees Significant Drop

The United States witnessed a notable decrease in its goods and services trade deficit, which fell by 6.1% to $122.7 billion in February, as reported by the Census Bureau and the Bureau of Economic Analysis (BEA).

Exports Rise, Imports Slightly Dip

February saw an $8 billion increase in exports, reaching $278.5 billion, while imports experienced a minor decline of $100 million, settling at $401.1 billion.

Annual Comparison Shows Mixed Trends

On an annual basis, the trade deficit surged by 86%, or $117.1 billion, with imports growing by 21.4% ($141 billion) and exports advancing by 4.6% ($24 billion).