Bureau of Economic Analysis reports that in February 2025, the U.S. trade deficit fell to $122.7 billion, down $8.0 billion from January. Exports rose by $8.0 billion, while imports slightly decreased. Year-to-date, the deficit is up 86.0%, with exports increasing 4.6% and imports rising 21.4%. The real goods deficit dropped 4.8%. They write:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $122.7 billion in February, down $8.0 billion from $130.7 billion in January, revised.
February exports were $278.5 billion, $8.0 billion more than January exports. February imports were $401.1 billion, less than $0.1 billion less than January imports.
The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $8.8 billion to $147.0 billion and a decrease in the services surplus of $0.8 billion to $24.3 billion.
Year-to-date, the goods and services deficit increased $117.1 billion, or 86.0 percent, from the same period in 2024. Exports increased $24.0 billion or 4.6 percent. Imports increased $141.2 billion or 21.4 percent.
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