US trade deficit contracts amid fewer imports

Friday, 13 April 2012 01:52:28 (GMT+3)   |  
       

The US Census Bureau and US Bureau of Economic Analysis reported Thursday that total February exports of $181.2 billion and imports of $227.2 billion resulted in a goods and services deficit of $46 billion, down from a revised $52.5 billion in January. February exports were $0.2 billion more than January exports of $180.9 billion. February imports were $6.3 billion less than January imports of $233.4 billion.

In February, the goods deficit decreased $6.0 billion from January to $61.4 billion, and the services surplus increased $0.5 billion from January to $15.4 billion. Exports of goods decreased $0.6 billion to $128.0 billion, and imports of goods decreased $6.5 billion to $189.4 billion.


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