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The U.S. deficit, increased by 4.8% in February, reaching $71.1 billion, compared to $67.8 billion in the previous month, the Bureau of Economic Analysis (BEA) reported today.
In February, the value of U.S. exports declined 2.6% to $187.3 billion, compared to $191.9 billion the previous month.
The value of U.S. imports decreased 0.7% to $258.3 billion compared to $260.2 billion the previous month.
In the first two months of this year, the United States has accumulated a negative balance of $138.901 billion compared to a trade deficit of $82.387 billion in the same period last year, when the covid-19 pandemic began to affect global economic activity.
In February, the U.S. deficit in its trade in goods with China fell to $24.617 billion compared to $26.250 billion the previous month.
The negative balance in trade with the European Union was $15.74 billion in February after a deficit of $16.347 billion in January.
In trade in goods with Mexico, the United States had a deficit of 6.382 billion dollars in February, compared to a deficit of 9.558 billion dollars the previous month.