by Calculated Risk on 4/05/2022 08:40:00 AM
From the Department of Commerce reported:
the goods and services deficit was $89.2 billion in February, down less than $0.1 billion from $89.2 billion
in January, revised.
February exports were $228.6 billion, $4.1 billion more than January exports. February imports were
$317.8 billion, $4.1 billion more than January imports.
Exports decreased and imports increased in January.
Exports are up 20% compared to January 2021; imports are up 23% year-over-year.
The second graph shows the U.S. trade deficit, with and without petroleum.
Note that net, imports and exports of petroleum products are close to zero.
The trade deficit with China increased to $30.7 billion in February, from $24.6 billion in February 2021.