February’s U.S. trade deficit declined less than $100 million from January’s revised $89.2 billion record, according to the U.S. Census Bureau. February exports were a record $228.6 billion, $4.1 billion more than January. February imports were $317.8 billion, $4.1 billion more than January imports. It was the fourth straight month imports have been $300 billion or more. Year-to-date, the total trade deficit increased $45.7 billion or 34.5% from 2021. Exports increased $68.0 billion or 17.6%. Imports increased $113.7 billion or 22.0%.
U.S. Trade Deficit Narrows in Feb.
February’s U.S. trade deficit declined less than $100 million from January’s revised $89.2 billion record, according to the U.S. Census Bureau.
(Farm Journal)
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