The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced that the goods and services deficit was $35.4 billion in February, down $7.2 billion from $42.7 billion in January, revised. February exports were $186.2 billion, $3.0 billion less than January exports. February imports were $221.7 billion, $10.2 billion less than January imports.
The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $7.4 billion to $55.2 billion and a decrease in the services surplus of $0.1 billion to $19.7 billion. Year-to-date, the goods and services deficit decreased $2.6 billion, or 3.2 percent, from the same period in 2014.
Exports of goods decreased $2.9 billion to $125.6 billion in February. Exports of goods on a Census basis decreased $2.9 billion. Imports of goods decreased $10.3 billion to $180.8 billion in February. Imports of goods on a Census basis decreased $10.3 billion.