February 2012 International Trade

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Total February exports of $181.2 billion and imports of $227.2 billion resulted in a goods and services deficit of $46.0 billion, down from $52.5 billion in January. February exports were $0.2 billion more than in January, while imports were $6.3 billion lower.
 

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Paper exports continued their fall-off, dropping by 221,000 tons (8.3 percent) in February. Imports, by contrast, fell by a much narrower margin: -10,000 tons (1.3 percent). Despite the January-to-February retreat, exports were 105,000 tons (4.4 percent) higher than a year earlier while imports were 23,000 tons (3.1 percent lower).
 

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Softwood lumber exports fell by 3 MMBF (2.2 percent) in February but imports rose by 84 MMBF (12.4 percent). Exports were 9 MMBF (6.6 percent) lower than year-earlier levels; imports were 98 MMBF (14.7 percent) higher.