Home » News » International News » Total US trade grows in Feb pushing deficit higher

Total US trade grows in Feb pushing deficit higher

Bloomberg

US international trade grew in February after a steady fall since 2014, but still remained lower than year-ago levels, the Commerce Department reported on Tuesday.
Exports and imports were both higher after sinking to nearly five-year lows in January, a mark of the overall slowdown in global trade as well as the plunge in commodity prices.
Exports rose by 1.0 percent to $178.1 billion, led by jumps in diamond and auto shipments.
Imports grew 1.3 percent to $225.1 billion, despite another sharp fall in the cost of oil imports, with aircraft, food, pharmaceuticals, computers and
sporting goods helping make up the
difference.

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend