US February trade deficit narrows as aircraft sales jump
By Alexander Bueso
Date: Wednesday 17 Apr 2019
(Sharecast News) - America\'s shortfall on trade with the rest of the world narrowed significantly in February amid a pickup in sales of civilian aircraft.
According to the Department of Commerce, the US trade deficit on goods and services shrank by 3.4% month-on-month to reach $49.4bn.
Total exports increased by 3.1% versus January to reach $209.7bn and imports by 0.2% to $259.1bn.
Goods exports rose by $2.1bn, as sales of civilian aircraft increased by $2.2bn and those of autos and parts by $0.6bn, offset by a decline of $0.4bn in overseas sales of industrial supplies and materials.
Imports of goods meanwhile grew by $0.9bn to $211.6bn, with those of cell phones and other household goods rising by $2.1bn.
The politically sensitive deficit with China meanwhile shrank by $3.1bn to $30.1bn.
Year-to-date, the total trade deficit fell by 7.6% on the month or $8.3bn, as exports jumped by 2.7% or $11.1bn and those of imports by 0.5% or $2.8bn.
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