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Area Development

Export, Imports Rose in February

04/13/2010
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).

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