CSIMarket
 



Declining Exports increase U.S. Trade gap in February

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES



The U.S. trade gap widened in February on the shrinking trade.
U.S. trade gap jumped in February by 4.2 % to a record $-71.1 billion. The increase in trade deficit it's not only bad news in this report but declining imports as well, as shrinking exports of U.S. goods and services indicate slowing global demand, but the decrease in consumption of energy-related petroleum products, suggest that the economy could be slowing, economists said.
International Trade (Picture Autor: Maurice Marcellin) licence Creative Commons
Economists said the data showed that higher gasoline prices are not just an inflation threat but can constrain economic growth.

The U.S. trade deficit with China narrowed to $-24.6 billion in February from the deficit of $-26.3 billion recorded in January, led by declining imports from China.

Growth in China and other developing nations have also downshifted, cutting into demand for U.S. goods.
Imports of Crude Oil

8.20% 0.98% -4.22% -5.85% 1.59% -0.09% 1.43% 1.04%
Imports
Imports
Imports
Imports

In February imports sunk by -0.7 %, as the United States decrease imports of Cars, parts, and engines and Other Transportation services. Bucking the overall trend, imports of miscellaneous other goods and Travel services, surged.



The price of a barrel of oil rose to $46.4 a barrel in February. Imports of petroleum decreased by $-0.29 billion, to $10 billion, in February. The U.S. imported 5.5 million barrels a day in February, down from 5.5 million in the prior month. U.S. Imports of services increased 0.36 %, but weakining demand for foreign made goods, posted a drag on imports, goods accounted for 84.8 %, of total imports in February, they declined by -0.89 %. U.S. Exports by Major Category








Imports from europe fell, as imports from Hungary decline the most, down, but trade with Other E.U. Countries grew by 63.28 %.
U.S. Demand for goods from Pacific Rim Countries fell, as imports from Singapore went down, but imports of goods from Hong Kong grew.
Imports from Canada declined, while the demand for the Mexican goods, in the U.S grew.


From Feb. 2020, U.S. trade gap jumped by 78 %, due to 4.39 % increase in imports.

Exports fell by -2.45 % in February to $187.3 billion , reported by the Commerce Department, the largest decrease came from exports of Capital goods, except automotive and Travel services. Exports of Nuclear Technology also fell -51.28 % to $0.06 billions. Unlike the overall trend, exports of Industrial supplies, materials, Royalties and License Fees, grew. Exports of Weapons increased also, up 69.30 % to $0.19 billions.
The weakness overseas is hitting home. U.S. manufacturers, which have led the economic growth, have turned more cautious and business is slowing, according to a number of more recent sector surveys. The decline of exports was broad based, services fell -0.29 % and exports of goods declined by -3.34 %.

Demand for U.S. made goods fell in Brazil, Colombia and overall South and Central America.
Exports to europe improved, as trade with Norway grew the most, up 52.56 %, but exports to Hungary fell.
Products made in U.S. have seen declining demand form Pacific Rim Countries, as exports to Singapore went down, but exports of goods to Hong Kong grew.


U.S. Imports by Major Countries

Exports to Selected Geographical Region



Technology Group Exports Technology Group Imports Technology Group Trade Balance
Total Technology Group exports deacreased by $2,739 millions or -10.61 % to $23,070 millions from Jan. 2021 , caused by decrease in exports of Aerospace goods by -9.43 % to $5,391 millions from Jan. 2021. Exports of Information and Communication goods fell by $2,739 millions or -10.96 % to $6,570 millions.
Total Technology Group imports deacreased by $0 millions or 0.00 % to $0 millions from Jan. 2021 , despite a decrease in imports of Electronics goods by 0.00 % to $0 millions from Jan. 2021. Imports of Information and Communication goods fell by $0 millions or 0.00 % to $0 millions.

Imports by Technology Group
Total Technology Group trade deficit fell by $2,659 millions or 17.24 % to $12,764 millions from deficit of $15,423 millions Jan. 2021. Information and Communications trade deficit fell by $2,380 millions or 16.45 % to $12,087 millions from deficit of $14,467 millions Jan. 2021.

Trade Balance by Technology Group
Technology Group Exports
Total Technology Group exports deacreased by $2,739 millions or -10.61 % to $23,070 millions from Jan. 2021 , caused by decrease in exports of Aerospace goods by -9.43 % to $5,391 millions from Jan. 2021. Exports of Information and Communication goods fell by $2,739 millions or -10.96 % to $6,570 millions.


Technology Group Imports
Total Technology Group imports deacreased by $0 millions or 0.00 % to $0 millions from Jan. 2021 , despite a decrease in imports of Electronics goods by 0.00 % to $0 millions from Jan. 2021. Imports of Information and Communication goods fell by $0 millions or 0.00 % to $0 millions.

Imports by Technology Group

Technology Group Trade Balance
Total Technology Group exports deacreased by $2,739 millions or -10.61 % to $23,070 millions from Jan. 2021 , caused by decrease in exports of Aerospace goods by -9.43 % to $5,391 millions from Jan. 2021. Exports of Information and Communication goods fell by $2,739 millions or -10.96 % to $6,570 millions.

U.S. International Trade in Goods & Services

(In millions $)




U.S. International Trade in Goods & Services
(In millions $)
Feb. 2021
Jan. 2021
Dec. 2020
Nov. 2020
Oct. 2020
Sep. 2020
Total Trade Balance
-71,078 -68,213 -66,613 -68,142 -63,123 -63,862
Trade Balance of Goods
-88,010 -85,449 -84,152 -86,356 -81,410 -80,686
Trade Balance of Services
16,931 17,236 17,540 18,214 18,287 16,824
Total Exports
187,250 191,944 189,959 184,174 182,015 176,354
Exports of Goods
131,131 135,662 133,499 127,725 126,346 122,779
Exports of Services
56,120 56,282 56,460 56,449 55,668 53,575
Total Imports
258,329 260,158 256,572 252,316 245,138 240,216
Imports of Goods
219,140 221,112 217,652 214,080 207,756 203,465
Imports of Services
39,188 39,046 38,920 38,236 37,382 36,751



U.S. Trade Balance by Selected Countries and Areas
( In millions $)




U.S. Trade Balance by Selected Countries and Areas
( In millions $)
Feb. 2021
Jan. 2021
Dec. 2020
Nov. 2020
Oct. 2020
April 2020
Total Goods
-70,758 -78,022 -83,898 -86,675 -88,100 -70,752
North America
-9,427 -12,883 -11,833 -12,114 -13,873 -3,486
Canada
-3,045 -3,325 -1,872 -1,545 -1,232 -185
Mexico
-6,382 -9,558 -9,961 -10,568 -12,641 -3,302
Europe
-20,079 -21,199 -24,492 -20,957 -20,099 -23,694
European Union
-15,740 -16,347 -20,092 -17,359 -16,303 -15,281
Austria
-700 -762 -834 -753 -819 -619
Belgium
1,018 746 13 531 380 281
Czech Republic
-170 -175 -264 -193 -151 -188
Finland
-373 -383 -429 -332 -410 -232
France
-2,303 -1,821 -1,693 -1,851 -1,008 -1,498
Germany
-4,361 -6,328 -6,114 -4,988 -5,118 -4,342
Hungary
-221 -182 -369 -269 -336 -146
Ireland
-5,440 -4,283 -5,415 -4,394 -4,931 -4,597
Italy
-2,636 -2,576 -3,496 -3,459 -2,493 -2,212
Netherlands
2,134 1,941 1,552 1,519 1,962 845
Poland
-218 -225 -269 -335 -285 -278
Spain
-241 67 -202 -404 -145 -375
Sweden
-727 -639 -719 -832 -942 -539
United Kingdom
-1,503 -1,728 -1,852 -1,600 -2,008 -1,382
Other E.U.
-358 -35 -88 -155 -154 4
Norway
-1,120 -1,575 -971 -1,117 -1,062 -707
Russia
-3,317 -3,659 -2,686 -2,968 -3,450 -7,123
Switzerland
652 739 -247 951 1,261 -572
Other Europe
-196 -321 -408 -309 -391 -15
Euro Area
-13,583 -14,379 -17,714 -14,954 -13,407 -13,324
Pacific Rim Countries
-33,156 -35,592 -41,293 -44,482 -43,771 -36,877
Australia
672 785 423 1,125 1,367 -556
China
-24,617 -26,250 -27,230 -30,676 -30,105 -22,466
Japan
-4,023 -4,337 -5,855 -6,717 -5,848 -4,196
Malaysia
-2,461 -2,654 -3,321 -3,000 -3,237 -1,727
Philippines
-228 -382 -287 -414 -442 -85
Newly Industrialized Countries (NICS)
-2,248 -2,222 -10,822 -13,040 -14,554 -9,154
Hong Kong
1,581 2,054 2,197 1,895 1,856 -675
Korea
-1,631 -1,371 -2,526 -2,990 -3,205 -2,476
Singapore
622 15 -600 211 -9 -1,126
Taiwan
-2,206 -2,305 -3,007 -2,859 -3,045 -2,252
Other Pacific Rim
-5 -128 -28 -26 74 -186
South/Central America
3,262 4,817 3,520 3,842 3,091 2,807
Argentina
149 215 215 217 209 100
Brazil
1,295 1,342 677 1,239 796 682
Chile
67 401 317 237 266 -21
Colombia
27 185 64 185 166 156
Other South/Central America
88 118 2,245 1,964 1,654 1,889
OPEC
1,637 2,555 2,260 1,394 2,191 1,202
Indonesia
-861 -1,020 -1,059 -1,031 -1,176 -1,131
Nigeria
-317 -227 16 68 185 149
Saudi Arabia
-22 56 658 231 750 267
Venezuela
300 206 121 95 114 57
Other OPEC
93 77 1,465 1,000 1,142 730
Africa
-606 -471 -103 -243 279 -187
Algeria
-81 -96 -43 28 25 14
Egypt
-10,158 -12,089 361 246 103 253
South Africa
-1,627 -2,383 -712 -739 -354 -551
Other Africa
134 286 291 222 505 96
Other Countries
-2,248 -2,222 -10,822 -13,040 -14,554 -9,154
India
-6,416 -7,770 -2,106 -2,236 -2,846 -2,065
Thailand
- - -2,304 -2,379 -2,722 -1,996
Other
- - -6,411 -8,425 -8,985 -5,093




U.S. Imports by Major Category
( In millions $)




Imports by Major Category
( In millions $)
Feb. 2021
Jan. 2021
Dec. 2020
Nov. 2020
Oct. 2020
Sep. 2020
Total
258,329 260,158 256,572 252,316 245,138 240,216
Total Services
39,188 39,046 38,236 38,236 37,382 36,751
Travel
494 481 458 458 461 449
Passenger Fares
6,403 6,249 6,332 6,332 5,891 5,491
Other Transportation
2,553 2,739 2,504 2,504 2,125 1,727
Royalties and License Fees
98 98 60 60 60 91
Other Private Services
5,825 5,743 5,354 5,354 5,314 5,146
Transfers Under U.S. Military Sales Contracts
3,254 3,203 3,317 3,317 3,290 3,140
U.S. Government Misc. Services
3,421 3,416 4,020 4,020 4,050 3,517
Total Goods
219,140 221,112 217,652 214,080 207,756 203,465
Foods, feeds, and beverages
13,116 13,785 12,956 13,403 13,350 13,530
Industrial supplies and materials
46,586 43,054 42,372 39,727 38,214 36,888
Capital goods, except automotive
59,707 59,549 58,900 58,092 56,884 55,513
Automotive vehicles, parts, and engines
28,184 31,576 33,136 31,168 32,203 31,192
Consumer goods
60,665 63,339 59,608 61,183 57,186 55,770
Other goods
9,483 8,554 9,473 9,452 8,746 9,008




Exports by Technology Group
( In millions $)


Exports by Technology Group
( In millions $)
Feb. 2021

Jan. 2021

Dec. 2020

Nov. 2020

Oct. 2020

Sep. 2020

Total Technology Group
23,070 25,809 27,509 25,062 26,853 24,250
Advanced Materials
223 258 253 220 248 220
Aerospace
5,391 5,952 6,875 6,055 6,902 6,110
Biotechnology
2,139 2,159 1,872 2,485 2,318 2,064
Electronics
3,961 4,638 4,624 4,177 4,355 3,941
Flexible Manufacturing
1,608 2,342 2,163 1,451 1,729 1,844
Information and Communications
6,570 7,379 8,148 7,224 7,740 6,759
Life Science
2,540 2,502 2,910 2,747 2,838 2,596
Nuclear Technology
57 117 72 215 76 95
Opto-Electronics
388 348 442 347 352 379
Weapons
193 114 149 141 295 241





Annual Report on U.S. International Trade in Goods & Services
(In millions $)




U.S. International Trade in Goods & Services
(In millions $)
2019
2018
2017
2016
2015
2014
Total Trade Balance
-52,113 -621,036 -566,031 -504,793 -531,503 -471,532
Trade Balance of Goods
-74,858 -891,251 -810,023 -752,507 -758,934 -703,159
Trade Balance of Services
22,745 270,215 243,993 247,714 227,431 231,627
Total Exports
202,575 2,499,970 2,329,311 2,208,072 2,230,317 2,272,320
Exports of Goods
133,614 1,671,839 1,551,434 1,455,704 1,513,888 1,590,350
Exports of Services
68,961 828,131 777,877 752,368 716,429 681,970
Total Imports
254,689 3,121,006 2,895,342 2,712,866 2,761,820 2,743,851
Imports of Goods
208,472 2,563,090 2,361,458 2,208,211 2,272,821 2,293,508
Imports of Services
46,216 557,916 533,884 504,654 488,999 450,343

Source U.S. Department of Commerce, BEA.gov
Picture Autor: (Maurice Marcellin) licence Creative Commons.


Economy


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks


Event Calendar

LUMO's Profile

Stock Price

LUMO's Financials

Business Description

Fundamentals

Charts & Quotes

LUMO's News

Suppliers

LUMO's Competitors

Customers & Markets

Economic Indicators

LUMO's Growth

Company Segments

Screening


Stock Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Largest Companies

Management Effectivness

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Indices

Sectors & Industries

Financials

Commodities

Currencies

News


At a Glance

Stocks

Economy

Industries

Other

Help


Sitemap

Advertise

About us

Glossary


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.    Copyright © 2021 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071