The February Trade Balance Report showed a deficit of $89.2 billion (consensus -$88.5 billion) versus an upwardly revised deficit of $89.2 billion for January (from -$89.7 billion). The three-month moving average for total trade in goods and services widened to $86.8 billion in February from $83.7 billion in January and $66.2 billion a year ago.
The key takeaway from the report is that it reflects a fractured trade situation that remains broken by COVID-related problems that have snarled supply chains and fueled economic imbalances.
February exports were $228.6 billion, $4.1 billion more than January exports
February imports were $317.8 billion, $4.1 billion more than January imports