PiCK
US February Trade Deficit $122.7 Billion…Down 6.1% from Previous Month
Summary
- The U.S. February trade deficit was announced to have decreased by $8 billion compared to the previous month, totaling $122.7 billion.
- February exports increased by $8.7 billion to $278.5 billion, which is expected to positively contribute to the improvement of the trade balance.
- Although the trade deficit hit a record high in January, February's data showed signs of stabilization with a decrease in imports by companies.
The United States recorded a trade deficit of $122.7 billion in February.
The U.S. Department of Commerce announced on the 3rd (local time) that the U.S. trade deficit in February was estimated at $122.7 billion. This figure exceeds the expert forecast ($122.5 billion) by $2 billion. In terms of the deficit alone, it decreased by $8 billion (6.12%) compared to the previous month ($130.7 billion).
Specifically, February exports increased by $8.7 billion (3.22%) to $278.5 billion compared to the previous month ($269.8 billion). Imports decreased by $0.1 billion (0.02%) to $401.1 billion compared to the previous month ($401.2 billion).
Previously, the U.S. trade deficit hit a record high in January. This was influenced by U.S. companies significantly increasing imports recently to secure inventory, anticipating the Trump administration's second term high tariff policy.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul