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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Tuesday, April 17, 2012

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.

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