U.S. trade deficit falls 2.6% in February

Posted on Apr 13, 2011 in AllEconomic News
The U.S. trade deficit dropped 2.6 percent to 45.8 billion dollars in February, with declines recorded in both exports and imports, the Commerce Department said Tuesday.

In February, the world’s largest economy exported 165.1 billion dollars worth of goods, down 1.4 percent from the previous month. Imports fell 1.7 percent from January to 210.9 billion dollars.

In January, the U.S. trade deficit was revised to 47.0 billion dollars.

For the first two months of this year, the trade deficit is running at an annual rate of 556.4 billion, higher than last year’s imbalance of 495.7 billion.

via U.S. trade deficit falls 2.6% in February – People’s Daily Online.