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U.S. Trade Deficit Plummets

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One silver lining to the economic crisis? We’re exporting more and importing less.

From The Census Bureau:

February exports of $126.8 billion and imports of $152.7 billion resulted in a goods and services deficit of $26.0 billion, down from $36.2 billion in January, revised.

February exports were $2.0 billion more than January exports of $124.7 billion. February imports were $8.2 billion less than January imports of $160.9 billion.

And here’s a handy dandy graph…



Of note, these numbers are the lowest since 1999.

(h/t: Calculated Risk)