Trade Deficit Grows as Exports, Imports Climb

April 12, 2018

The U.S. trade deficit in goods and services rose another 1.8 percent in February to $57.6 billion, according to trade statistics released by the Department of Commerce. Exports climbed 1.7 percent to $204.4 billion while imports gained 1.7 percent to $262.0 billion. For the year to date, the total deficit is up 22.7 percent as a 5.9 percent rise in exports has been outpaced by a 9.1 percent increase in imports.

The deficit in goods trade edged up 0.4 percent to $77.0 billion in February. Imports of goods were up 1.6 percent to $214.2 billion, including increases of $800 million for crude oil, $800 million for foods, feeds, and beverages, and $500 million for civilian aircraft. Exports of goods grew 2.2 percent to $137.2 billion, including increases of $700 million for passenger cars, $600 million for non-monetary gold, and $300 million each for crude oil and natural gas...

This is excerpted from 9 April 2018 edition of the Sandler, Travis & Rosenberg Trade Report.

Topic(s)

International Trade and Border Management

Information source

Industry Publication

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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