U.S. Trade Deficit Plummets
One silver lining to the economic crisis? We’re exporting more and importing less.
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)