Official Publication Edition · GDP
Source-grounded publication
Imports of goods increased $4.7 billion to $268.1 billion in February.
Year-over-year, the average goods and services deficit decreased $3.7 billion from the three months ending in February 2023.
Source
U.S. International Trade in Goods and Services, February 2024
Sections
Publication sections
Key evidence
The source directly compares reported values for the stated scope: Exports of goods increased $5.0 billion to $176.7 billion in February. The source directly compares reported values for the stated scope: The average goods and services deficit increased $2.1 billion to $66.9 billion for the three months ending in February. The source directly compares reported values for the stated scope: February exports were $263.0 billion, $5.8 billion more than January exports.
The source reports an amount on a billion scale for the stated scope: Imports of goods on a Census basis increased $4.8 billion. The source directly compares reported values for the stated scope: Imports of services increased $2.4 billion to $63.8 billion in February. The source directly compares reported values for the stated scope: Bureau of Economic Analysis announced today that the goods and services deficit was $68.9 billion in February, up $1.3 billion from $67.6 billion in January, revised.
The source reports an amount on a billion scale for the stated scope: Exports of goods on a Census basis increased $5.0 billion. The source reports an amount on a billion scale for the stated scope: Imports increased $5.4 billion or 0.8 percent. The source directly compares reported values for the stated scope: Exports of services increased $0.8 billion to $86.4 billion in February.
The source directly compares reported values for the stated scope: The real goods deficit increased $1.0 billion, or 1.2 percent, to $87.0 billion in February, compared to a 0.3 percent decrease in the nominal deficit. The source directly compares reported values for the stated scope: The February increase in the goods and services deficit reflected a decrease in the goods deficit of $0.3 billion to $91.4 billion and a decrease in the services surplus of $1.6 billion to $22.5 billion.
The source directly compares reported values for the stated scope: February imports were $331.9 billion, $7.1 billion more than January imports. The source reports an amount on a billion scale for the stated scope: Year-to-date, the goods and services deficit decreased $3.9 billion, or 2.8 percent, from the same period in 2023.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| Year-over-year, the average goods and services deficit decreased $3.7 billion from the three months ending in February 2023. | 3.7 | billion | — |
| Imports of goods on a Census basis increased $4.8 billion. | 4.8 | billion | — |
| Exports of goods on a Census basis increased $5.0 billion. | 5 | billion | — |
| Imports increased $5.4 billion or 0.8 percent. | 5.4 | billion | — |
| Year-to-date, the goods and services deficit decreased $3.9 billion, or 2.8 percent, from the same period in 2023. | 3.9 | billion | — |
| Net balance of payments adjustments decreased less than $0.1 billion. | 0.1 | billion | — |
| Exports increased $9.3 billion or 1.8 percent. | 9.3 | billion | — |
Source and methodology
Source: the retained official publication. Method: normalized statements from section generic-text presented as reported, without recomputation.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none