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Balance of trade data from Census Department, chart by Mish

Trade Deficit Summary

• The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announcedthe Goods and Services Trade Deficit.
• In January, the deficit hit a record $89.23 billion. For February, the deficit stands at $89.19 Billion. 
• The three-month average deficit is a record $86.79. 
• The services surplus peaked at $26.72 billion in January of 2018 and has generally been sliding since.
• For February, the services surplus is $18.29 billion.

Goods Exports and Imports 

• Exports of goods increased $2.8 billion to $158.8 billion in February.
• Imports of goods increased $1.7 billion to $266.2 billion in February.

Year-to-Date 

• 2022 is off to a very bad start.
• Year-to-date, the goods and services deficit increased $45.7 billion, or 34.5 percent, from the same period in 2021. 
• Exports increased $68.0 billion or 17.6 percent. Imports increased $113.7 billion or 22.0 percent.

Notable Countries

• Mexico: The deficit with Mexico decreased $2.7 billion to $9.8 billion in February. Exports increased$0.6 billion to $25.5 billion and imports decreased $2.1 billion to $35.3 billion.
• Japan: The deficit with Japan decreased $2.0 billion to $5.1 billion in February. Exports increased $0.9 billion to $7.1 billion and imports decreased $1.1 billion to $12.3 billion. 
• China: The deficit with China increased $7.9 billion to $41.2 billion in February. Exports increased $0.2 billion to $13.0 billion and imports increased $8.1 billion to $54.2 billion.

Trump's "Historical Trade Deal" With China Final Results Are a Big Zero

The results of President Trump's historical trade deal with China are in. 

For details, please see Trump's "Historical Trade Deal" With China Final Results Are a Big Zero