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Exports · Imports · Trade Deficit · US Economy
The U.S. goods and services deficit expanded to $57.3 billion in February, increasing by $2.7 billion from January's revised $54.7 billion, as reported by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis on April 2, 2026.
February exports reached $314.8 billion, a $12.6 billion increase from January, while imports climbed by $15.2 billion to $372.1 billion. The overall deficit expansion primarily stemmed from a $2.5 billion rise in the goods deficit, reaching $84.6 billion, coupled with a $0.2 billion reduction in the services surplus, which settled at $27.3 billion.
Despite the monthly increase, the year-to-date goods and services deficit has significantly decreased by $136.1 billion, or 54.8%, compared to the same period in 2025. This year-over-year improvement reflects an 11.3% increase in exports, totaling $62.6 billion, and a 9.2% decrease in imports, amounting to $73.5 billion.
This indicates a stronger overall trade position compared to the previous year, even with the recent monthly setback.
The country’s trade surplus reached a monthly record on strong demand for semiconductor shipments, a key growth engine through last year’s tariff-related trade turbulence.
The Chinese share of American imports has dropped to the lowest level since 2001, but overall U.S. trade deficit has risen.
