The U.S.Trade Balance
The U.S. trade deficit in goods and services fell $6.3 billion in February to $27 billion as the result of a $0.9 billion increase in exports and a $5.4 billion decline in imports. The trade deficit (exports minus imports) rose rapidly between March 1998 and September 2000, then held steady at around $33 billion until January 2001. February’s trade deficit is the smallest since December 1999.
Suggested citation: "The U.S. Trade Balance," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-05, pp. 09, 05.01.2001.