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February 2021 Press Highlights All values in billions of dollars. Goods and services monthly BOP series began with January 1992 statistics. Goods and Services (BOP Basis, seasonally adjusted) February 2021 Goods and Services Balance January 2021 Percent Change from Prior Month Larger Increase or Decrease by Percent Change / When it Occurred -71.1 -67.8 4.8 7.9 October 2020 - November 2020 Exports 187.3 192.2 -2.6 -3.4 April 2020 - May 2020 Imports 258.3 260.1 -0.7 -0.7 April 2020 - May 2020 Goods (BOP Basis) Balance -88.0 -85.2 3.3 6.0 October 2020 - November 2020 Exports 131.1 135.9 -3.5 -6.0 April 2020 - May 2020 Imports 219.1 221.1 -0.9 -13.6 March 2020 - April 2020 February 2021 January 2021 Dollar Change from Prior Month -71.1 -67.8 -3.3 Exports 187.3 192.2 -5.0 -5.1 April 2020 - May 2020 Imports 258.3 260.1 -1.7 -31.0 March 2020 - April 2020 Goods and Services Balance Goods (BOP Basis) Balance Larger Increase or Decrease by Dollar Change / When it Occurred -5.1 October 2020 - November 2020 -88.0 -85.2 -2.8 -4.9 October 2020 - November 2020 Exports 131.1 135.9 -4.8 -5.7 April 2020 - May 2020 Imports 219.1 221.1 -2.0 -26.3 March 2020 - April 2020 * The February goods and services deficit ($71.1 billion) was the highest on record. * The February goods deficit ($88.0 billion) was the highest on record. * The February services surplus ($16.9 billion) was the lowest since January 2012 ($16.6 billion). Goods (Census Basis, seasonally adjusted) Balance * The February goods deficit ($87.1 billion) was the highest on record. * The February petroleum deficit ($1.4 billion) was the highest since July 2019 ($2.6 billion). * This is the first petroleum deficit since December 2019 ($0.3 billion). Imports * February imports of industrial supplies and materials ($46.6 billion) were the highest since October 2018 ($49.6 billion). * February imports of capital goods ($59.7 billion) were the highest on record. Real Dollar Basis (Chained 2012 Dollars, seasonally adjusted) * The February real dollar goods deficit ($99.1 billion) was the highest on record. Country and Other Highlights (Census Basis, not seasonally adjusted) Exports * February exports to Mexico ($21.0 billion) were the highest since October 2019 ($22.3 billion). Imports * February imports from Singapore ($1.8 billion) were the lowest since February 2018 ($1.7 billion). * The February quantity of crude oil imports (153.6 million barrels) was the lowest since February 1991 (153.3 million barrels). NOTE: Based on the April 7, 2021, U.S. International Trade in Goods and Services, February 2021 report, released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.