Census Reports Export Increase, Imports Decrease for February

The Census Bureau and the Bureau of Economic Analysis released the February 2012 U.S. International Trade in Goods and Services Report April 12, 2012. The report showed February exports of $181.2 billion and imports of $227.2 billion, leaving a goods and services deficit of $46 billion, up $0.6 billion from February 2011. The report shows that February exports were $0.2 billion more and February imports were $6.3 billion less than January levels. Exports of services increased $0.8 and imports of services increased $0.2 billion. However, from February 2011 to February 2012, imports were up 7.6% and exports were up 9.3%.