Market Updates
International Goods Trade Deficit Stayed Elevated In February
Brian Turner
28 Mar, 2023
New York City
The international goods trade deficit in February edged up to $91.6 billion from $91.1 billion in January, the U.S. Census Bureau reported Tuesday.
The preliminary international trade data will be revised in about a month based on a wider estimate.
Exports in February declined 3.8% to $167.8 billion from $174.6 billion in January but rose from $159.1 billion a year ago.
imports in February decreased 2.3% to $259.5 billion from $265.6 billion in January and fell from $264.4 billion a year ago.
Despite the slight decline, the international goods deficit remained elevated as imports of capital goods and vehicles stayed above annual average.
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