Area Development
Imports and exports were both up in February, according to the latest figures from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

Total February exports of $143.2 billion and imports of $182.9 billion resulted in a goods and services deficit of $39.7 billion, up from $37.0 billion in January, revised.

February exports were $0.3 billion more than January exports of $142.9 billion. February imports were $3.0 billion more than January imports of $179.8 billion.

In February, the goods deficit increased $1.9 billion from January to $51.3 billion, and the services surplus decreased $0.8 billion to $11.6 billion. Exports of goods increased $0.1 billion to $98.5 billion, and imports of goods increased $2.0 billion to $149.8 billion.

Exports of services increased $0.2 billion to $44.7 billion, and imports of services increased $1.0 billion to $33.1 billion.

In February, the goods and services deficit increased $13.2 billion from February 2009. Exports were up $17.9 billion, or 14.3 percent, and imports were up $31.1 billion, or 20.5 percent.

The January to February increase in exports of goods reflected increases in capital goods ($0.4 billion); automotive vehicles, parts, and engines ($0.2 billion); and industrial supplies and materials ($0.2 billion).

Decreases occurred in foods, feeds, and beverages ($0.5 billion) and consumer goods ($0.2 billion). Other goods were virtually unchanged.

The January to February increase in imports of goods reflected increases in consumer goods ($1.1 billion); industrial supplies and materials ($1.0 billion); other goods ($0.4 billion); and capital goods ($0.4 billion). Decreases occurred in automotive vehicles, parts, and engines ($0.8 billion) and foods, feeds, and beverages ($0.1 billion).

The February 2009 to February 2010 increase in exports of goods reflected increases in industrial supplies and materials ($7.2 billion); automotive vehicles, parts, and engines ($3.2 billion); capital goods ($1.9 billion); foods, feeds, and beverages ($1.1 billion); consumer goods ($0.5 billion); and other goods ($0.4 billion).

The February 2009 to February 2010 increase in imports of goods reflected increases in industrial supplies and materials ($14.3 billion); automotive vehicles, parts, and engines ($5.9 billion); capital goods ($4.0 billion); consumer goods ($3.5 billion); foods, feeds, and beverages ($0.4 billion); and other goods ($0.2 billion).