U.S. International Trade in Goods and Services, February 2026

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $57.3 billion in February, up $2.7 billion from $54.7 billion in January, revised.

Exports, Imports, and Balance (exhibit 1)

February exports were $314.8 billion, $12.6 billion more than January exports. February imports were $372.1 billion, $15.2 billion more than January imports.

The February increase in the goods and services deficit reflected an increase in the goods deficit of $2.5 billion to $84.6 billion and a decrease in the services surplus of $0.2 billion to $27.3 billion.

Year-to-date, the goods and services deficit decreased $136.1 billion, or 54.8 percent, from the same period in 2025. Exports increased $62.6 billion or 11.3 percent. Imports decreased $73.5 billion or 9.2 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit increased $0.4 billion to $61.6 billion for the three months ending in February.

• Average exports increased $8.0 billion to $301.1 billion in February.
• Average imports increased $8.4 billion to $362.7 billion in February.

Year-over-year, the average goods and services deficit decreased $53.4 billion from the three months ending in February 2025.

• Average exports increased $26.2 billion from February 2025.
• Average imports decreased $27.1 billion from February 2025.

Exports (exhibits 3, 6, and 7)

Exports of goods increased $11.5 billion to $206.9 billion in February.

Exports of goods on a Census basis increased $11.5 billion.

• Industrial supplies and materials increased $10.2 billion.
  • Nonmonetary gold increased $8.0 billion.
  • Natural gas increased $1.3 billion.

Net balance of payments adjustments increased less than $0.1 billion.

Exports of services increased $1.1 billion to $107.9 billion in February.

• Travel increased $0.3 billion.
• Other business services increased $0.2 billion.
• Financial services increased $0.2 billion.
• Charges for the use of intellectual property increased $0.2 billion.
• Transport decreased $0.2 billion.

Imports (exhibits 4, 6, and 8)

Imports of goods increased $14.0 billion to $291.5 billion in February.

Imports of goods on a Census basis increased $14.1 billion.

• Capital goods increased $7.8 billion.
  • Computers increased $5.4 billion.
  • Computer accessories increased $1.5 billion.
  • Semiconductors increased $1.1 billion.
• Industrial supplies and materials increased $3.1 billion.
  • Crude oil increased $1.1 billion.
• Consumer goods increased $2.2 billion.
  • Pharmaceutical preparations increased $1.0 billion.
• Automotive vehicles, parts, and engines increased $1.6 billion.
  • Trucks, buses, and special purpose vehicles increased $1.1 billion.

Net balance of payments adjustments decreased $0.1 billion.

Imports of services increased $1.3 billion to $80.6 billion in February.

• Charges for the use of intellectual property increased $1.0 billion.

Real Goods in 2017 Dollars - Census Basis (exhibit 11)

The real goods deficit increased $0.5 billion, or 0.6 percent, to $83.5 billion in February, compared to a 3.2 percent increase in the nominal deficit.

• Real exports of goods increased $7.1 billion, or 4.6 percent, to $161.9 billion, compared to a 5.9 percent increase in nominal exports.
• Real imports of goods increased $7.6 billion, or 3.2 percent, to $245.5 billion, compared to a 5.1 percent increase in nominal imports.

Revisions

Revisions to January exports

• Exports of goods were revised down $0.1 billion.
• Exports of services were revised up $0.2 billion.

Revisions to January imports

• Imports of goods were revised up $0.3 billion.
• Imports of services were revised up less than $0.1 billion.

Goods by Selected Countries and Areas: Monthly - Census Basis (exhibit 19)

The February figures show surpluses, in billions of dollars, with Switzerland ($7.8), Netherlands ($6.8), Hong Kong ($6.6), United Kingdom ($5.6), South and Central America ($3.8), Singapore ($2.9), Brazil ($1.4), Australia ($0.9), Belgium ($0.8), and Saudi Arabia ($0.2). Deficits were recorded, in billions of dollars, with Taiwan ($21.1), Mexico ($16.8), Vietnam ($16.5), China ($13.1), South Korea ($7.6), European Union ($5.1), Japan ($4.7), Malaysia ($4.0), India ($3.5), Germany ($3.3), Ireland ($2.8), France ($2.2), Italy ($1.8), Israel ($0.8), and Canada ($0.7).

• The deficit with Mexico increased $4.1 billion to $16.8 billion in February. Exports decreased $1.7 billion to $31.2 billion and imports increased $2.4 billion to $48.0 billion.
• The deficit with Taiwan increased $3.8 billion to $21.1 billion in February. Exports decreased $0.8 billion to $4.6 billion and imports increased $3.0 billion to $25.7 billion.
• The surplus with Switzerland increased $4.8 billion to $7.8 billion in February. Exports increased $5.9 billion to $12.1 billion and imports increased $1.1 billion to $4.3 billion.

All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau's Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA's website at www.bea.gov/news/schedule.

Next release: May 5, 2026
U.S. International Trade in Goods and Services, March 2026