FOR RELEASE AT 8:30 AM EDT, THURSDAY, APRIL 2, 2026 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES, FEBRUARY 2026 Release Number: CB 26-58, BEA 26-18 April 2, 2026 — The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $57.3 billion in February, up $2.7 billion from $54.7 billion in January, revised. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES DEFICIT Deficit: $57.3 Billion +4.9%° Exports: $314.8 Billion +4.2%° Imports: $372.1 Billion +4.3%° Next release: Tuesday, May 5, 2026 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes. Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, April 2, 2026. Exports, Imports, and Balance (Exhibit 1) February exports were $314.8 billion, $12.6 billion more than January exports. February imports were $372.1 billion, $15.2 billion more than January imports. The February increase in the goods and services deficit reflected an increase in the goods deficit of $2.5 billion to $84.6 billion and a decrease in the services surplus of $0.2 billion to $27.3 billion. Year-to-date, the goods and services deficit decreased $136.1 billion, or 54.8 percent, from the same period in 2025. Exports increased $62.6 billion or 11.3 percent. Imports decreased $73.5 billion or 9.2 percent. Three-Month Moving Averages (Exhibit 2) The average goods and services deficit increased $0.4 billion to $61.6 billion for the three months ending in February. • Average exports increased $8.0 billion to $301.1 billion in February. Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov • Average imports increased $8.4 billion to $362.7 billion in February. Year-over-year, the average goods and services deficit decreased $53.4 billion from the three months ending in February 2025. • Average exports increased $26.2 billion from February 2025. • Average imports decreased $27.1 billion from February 2025. Exports (Exhibits 3, 6, and 7) Exports of goods increased $11.5 billion to $206.9 billion in February. Exports of goods on a Census basis increased $11.5 billion. • Industrial supplies and materials increased $10.2 billion. o Nonmonetary gold increased $8.0 billion. o Natural gas increased $1.3 billion. Net balance of payments adjustments increased less than $0.1 billion. Exports of services increased $1.1 billion to $107.9 billion in February. • Travel increased $0.3 billion. • Other business services increased $0.2 billion. • Financial services increased $0.2 billion. • Charges for the use of intellectual property increased $0.2 billion. • Transport decreased $0.2 billion. Imports (Exhibits 4, 6, and 8) Imports of goods increased $14.0 billion to $291.5 billion in February. Imports of goods on a Census basis increased $14.1 billion. • Capital goods increased $7.8 billion. o Computers increased $5.4 billion. o Computer accessories increased $1.5 billion. o Semiconductors increased $1.1 billion. • Industrial supplies and materials increased $3.1 billion. o Crude oil increased $1.1 billion. • Consumer goods increased $2.2 billion. o Pharmaceutical preparations increased $1.0 billion. Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov • Automotive vehicles, parts, and engines increased $1.6 billion. o Trucks, buses, and special purpose vehicles increased $1.1 billion. Net balance of payments adjustments decreased $0.1 billion. Imports of services increased $1.3 billion to $80.6 billion in February. • Charges for the use of intellectual property increased $1.0 billion. Real Goods in 2017 Dollars – Census Basis (Exhibit 11) The real goods deficit increased $0.5 billion, or 0.6 percent, to $83.5 billion in February, compared to a 3.2 percent increase in the nominal deficit. • Real exports of goods increased $7.1 billion, or 4.6 percent, to $161.9 billion, compared to a 5.9 percent increase in nominal exports. • Real imports of goods increased $7.6 billion, or 3.2 percent, to $245.5 billion, compared to a 5.1 percent increase in nominal imports. Revisions Revisions to January exports • Exports of goods were revised down $0.1 billion. • Exports of services were revised up $0.2 billion. Revisions to January imports • Imports of goods were revised up $0.3 billion. • Imports of services were revised up less than $0.1 billion. Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19) The February figures show surpluses, in billions of dollars, with Switzerland ($7.8), Netherlands ($6.8), Hong Kong ($6.6), United Kingdom ($5.6), South and Central America ($3.8), Singapore ($2.9), Brazil ($1.4), Australia ($0.9), Belgium ($0.8), and Saudi Arabia ($0.2). Deficits were recorded, in billions of dollars, with Taiwan ($21.1), Mexico ($16.8), Vietnam ($16.5), China ($13.1), South Korea ($7.6), European Union ($5.1), Japan ($4.7), Malaysia ($4.0), India ($3.5), Germany ($3.3), Ireland ($2.8), France ($2.2), Italy ($1.8), Israel ($0.8), and Canada ($0.7). • The deficit with Mexico increased $4.1 billion to $16.8 billion in February. Exports decreased $1.7 billion to $31.2 billion and imports increased $2.4 billion to $48.0 billion. Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov • The deficit with Taiwan increased $3.8 billion to $21.1 billion in February. Exports decreased $0.8 billion to $4.6 billion and imports increased $3.0 billion to $25.7 billion. • The surplus with Switzerland increased $4.8 billion to $7.8 billion in February. Exports increased $5.9 billion to $12.1 billion and imports increased $1.1 billion to $4.3 billion. All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in Exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. NOTICE Upcoming Updates to Goods and Services With the releases of the “U.S. International Trade in Goods and Services” report (FT-900) and the FT-900 Annual Revision on June 9, 2026, statistics on trade in goods, on both a Census basis and a balance of payments (BOP) basis, will be revised beginning with 2021 and statistics on trade in services will be revised beginning with 1999. The revised statistics for goods on a BOP basis and for services will also be included in the “U.S. International Transactions and Investment Position, 1st Quarter 2026 and Annual Update” report and in BEA’s Interactive Data Application, both to be released by BEA on June 24, 2026. Revised statistics on trade in goods will reflect: • Corrections and adjustments to previously published not seasonally adjusted statistics for goods on a Census basis. • End-use reclassifications of several commodities. • Recalculated seasonal and trading-day adjustments. • Newly available and revised source data on BOP adjustments, which are adjustments that BEA applies to goods on a Census basis to convert them to a BOP basis. See the “Goods (balance of payments basis)” section in the explanatory notes for more information. Revised statistics on trade in services will reflect: Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov • Newly available and revised source data, primarily from BEA surveys of international services. • An improved estimation method for transport services. • Corrections and adjustments to previously published not seasonally adjusted statistics. • Recalculated seasonal adjustments. • Revised temporal distributions of quarterly source data to monthly statistics. See the “Services” section in the explanatory notes for more information. A preview of BEA’s 2026 annual update of the International Transactions Accounts will be available in the Survey of Current Business later in April 2026. If you have questions or need additional information, please contact the Census Bureau, Economic Indicators Division, International Trade Macro Analysis Branch, on 800-549-0595, option 4, or at eid.international.trade.data@census.gov or BEA, Balance of Payments Division, at InternationalAccounts@bea.gov. Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov EXPLANATORY NOTES Goods (Census Basis) Data for goods on a Census basis are compiled from the documents collected by U.S. Customs and Border Protection (CBP) and reflect the movement of goods between foreign countries and the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and U.S. Foreign Trade Zones. They include government and non-government shipments of goods and exclude shipments between the United States and its territories and possessions; transactions with U.S. military, diplomatic, and consular installations abroad; U.S. goods returned to the United States by its Armed Forces; personal and household effects of travelers; and in-transit shipments. The General Imports value reflects the total arrival of merchandise from foreign countries that immediately enters consumption channels, warehouses, or Foreign Trade Zones. For imports, the value reported is the CBP-appraised value of merchandise—generally, the price paid for merchandise for export to the United States. Import duties, freight, insurance, and other charges incurred in bringing merchandise to the United States are excluded. The exception is Exhibit 17a, which shows CIF import value. The CIF (cost, insurance, and freight) value represents the landed value of the merchandise at the first port of arrival in the United States. It is computed by adding import charges to the customs value and therefore excludes U.S. import duties. Exports are valued at the f.a.s. (free alongside ship) value of merchandise at the U.S. port of export, based on the transaction price including inland freight, insurance, and other charges incurred in placing the merchandise alongside the carrier at the U.S. port of exportation. Revision Procedure (Census Basis) Monthly Revisions: Monthly data include actual month's transactions as well as a small number of transactions for previous months. Each month, the U.S. Census Bureau revises the aggregate seasonally adjusted (nominal and real, or chained-dollar) and unadjusted export, import, and trade balance figures, as well as the end-use totals for the prior month. Country detail data and commodity detail data, based on the Standard International Trade Classification (SITC) Revision 4 and the North American Industry Classification System (NAICS), are not revised monthly. The timing adjustment shown in Exhibit 14 is the difference between monthly data as originally reported and as recompiled. Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov For January 2026, unadjusted exports of goods were revised down $0.1 billion and unadjusted imports of goods were revised up $0.1 billion. Goods carry-over in February 2026 was $0.1 billion (less than 0.1 percent) for exports and $0.3 billion (0.1 percent) for imports. For January 2026, revised export carry-over was $0.1 billion (less than 0.1 percent) and revised import carry-over was less than $0.1 billion (less than 0.1 percent). Quarterly Revisions to Chain-Weighted Dollar Series: For March, June, September, and December statistical month releases, revisions are made to the real, or chained-dollar, series presented in Exhibits 10 and 11: the previous five months are revised to incorporate the U.S. Bureau of Labor Statistics’ (BLS) revisions to price indexes, which are used to produce the real series and to align Census data with data published by the U.S. Bureau of Economic Analysis (BEA) in the national income and product accounts (NIPAs). Annual Revisions: Each June, not seasonally adjusted goods data are revised to redistribute monthly data that arrived too late for inclusion in the month of transaction. In addition, revisions are made to reflect corrections received subsequent to the monthly revisions. Seasonally adjusted data are also revised to reflect recalculated seasonal and trading-day adjustments. These revisions are reflected in totals, end-use, commodity, and country summary data. Other Revisions: For December and January statistical month releases, each prior month of the most recent full year is revised so that the totals of the seasonally adjusted months equal the annual totals. U.S./Canada Data Exchange and Substitution Data for U.S. exports to Canada are derived from import data compiled by Canada. The use of Canada's import data to produce U.S. export data requires several alignments in order to compare the two series. 1. Coverage - Canadian imports are based on country of origin. U.S. goods shipped from a third country are included. U.S. exports exclude these foreign shipments. For February 2026, these shipments totaled $259.7 million. U.S. export coverage also excludes U.S. postal shipments to Canada. For February 2026, these shipments totaled $29.5 million. U.S. import coverage includes shipments of railcars and locomotives from Canada. Effective with January 2004 statistics, Canada excludes these shipments from its goods exports to the United States, therefore creating coverage differences between the two countries for these goods. Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov 2. Valuation - Canadian imports are valued at the point of origin in the United States. However, U.S. exports are valued at the port of exit in the United States and include inland freight charges, making the U.S. export value slightly larger than the Canadian import value. Canada requires inland freight to be reported separately from the value of the goods. Combining the inland freight and the Canadian reported import value provides a consistent valuation for all U.S. exports. Inland freight charges for February 2026 accounted for 1.5 percent of the value of U.S. exports to Canada. 3. Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re- exports of foreign goods. Therefore, the aggregate U.S. export figure is slightly larger than the Canadian import figure. For February 2026, re-exports to Canada were $4,713.3 million. 4. Exchange Rate - Average monthly exchange rates are applied to convert the published data to U.S. currency. For February 2026, the average exchange rate was 1.3648 Canadian dollars per U.S. dollar. 5. Other - There are other minor differences, such as rounding error, that are statistically insignificant. Canadian Estimates: Effective with January 2001 statistics, the current month data for exports to Canada contain an estimate for late arrivals and corrections. In the following month, this estimate is replaced, in the news release exhibits only, with the actual value of late receipts and corrections. This estimate improves the current month data for exports to Canada and treats late receipts for exports to Canada in a manner that is more consistent with the treatment of late receipts for exports to other countries. Nonsampling Errors The goods data are a complete enumeration of documents collected by CBP and are not subject to sampling errors. Quality assurance procedures are performed at every stage of collection, processing, and tabulation. However, the data are still subject to several types of nonsampling errors. The most significant of these include reporting errors, undocumented shipments, timeliness, data capture errors, and errors in the estimation of low-valued transactions. Reporting Errors: Reporting errors are mistakes or omissions made by importers, exporters, or their agents in their import or export declarations. Most errors involve missing or invalid commodity classification codes and missing or incorrect quantities or shipping weights. They have a negligible effect on aggregate import, export, and balance of trade statistics. However, they can affect the detailed commodity statistics. Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov Undocumented Shipments: Federal regulations require importers, exporters, or their agents to report all merchandise shipments above established exemption levels. The Census Bureau has determined that not all required documents are filed, particularly for exports. Timeliness and Data Capture Errors: The Census Bureau captures import and export information from administrative documents and through various automated collection programs. Documents may be lost, and data may be incorrectly keyed, coded, or recorded. Transactions may be included in a subsequent month’s statistics if received late. Low-Valued Transactions: The total values of transactions valued as much as or below $2,500 for exports and $2,000 ($250 for certain quota items) for imports are estimated for each country, using factors based on the ratios of low-valued shipments to individual country totals for past periods. The Census Bureau recommends that data users incorporate this information into their analyses, as nonsampling errors could impact the conclusion drawn from the results. See “U.S. Merchandise Trade Statistics: A Quality Profile” (October 2014) for a detailed discussion of errors affecting the goods data. Area Groupings North America: Canada, Mexico. Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR): Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua. Europe: Albania, Andorra, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Monaco, Montenegro, Netherlands, North Macedonia, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Svalbard-Jan Mayen Island, Sweden, Switzerland, Tajikistan, Turkey, Turkmenistan, Ukraine, United Kingdom, Uzbekistan, Vatican City. European Union: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden. Euro Area: Austria, Belgium, Bulgaria, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain. Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov Pacific Rim: Australia, Brunei, China, Hong Kong, Indonesia, Japan, Korea (South), Macau, Malaysia, New Zealand, Papua New Guinea, Philippines, Singapore, Taiwan. South/Central America: Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Curacao, Dominica, Dominican Republic, Ecuador, El Salvador, Falkland Islands (Islas Malvinas), French Guiana, Grenada, Guadeloupe, Guatemala, Guyana, Haiti, Honduras, Jamaica, Martinique, Montserrat, Netherlands Antilles, Nicaragua, Panama, Paraguay, Peru, Sint Maarten, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands, Uruguay, Venezuela. Africa: Algeria, Angola, Benin, Botswana, British Indian Ocean Territories, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, French Southern and Antarctic Lands, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mayotte, Morocco, Mozambique, Namibia, Niger, Nigeria, Reunion, Rwanda, St. Helena, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe. Adjustments for Seasonal and Trading-Day Variations Goods are initially classified under the Harmonized Commodity Description and Coding System (Harmonized System), which is an internationally accepted standard for the commodity classification of traded goods. The Harmonized System describes and measures the characteristics of the goods and is the basis for the systems used in the United States: Schedule B for exports and Harmonized Tariff Schedule for imports. Combining trade into approximately 140 export and 140 import end-use categories makes it possible to examine goods according to their principal uses (see Exhibits 7 and 8). These categories are used as the basis for computing the seasonal and trading-day adjusted data. These adjusted data are then summed to the six end-use aggregates for publication (see Exhibit 6). The Census Bureau provides these data to BEA for use in the NIPAs and in the U.S international transactions accounts (balance of payments accounts). Exhibit 19 shows goods (Census basis) that are seasonally adjusted for selected countries and world areas. Unlike the commodity-based adjustments discussed above, these adjustments are developed and applied directly at the country and world area levels. For total exports and imports, data users should refer to the commodity-based totals shown in the other exhibits. The seasonally adjusted country and world area data Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division 301-763-2311 301-763-3030 Data: 301-278-9559 eid.international.trade.data@census.gov pio@census.gov Media: 301-278-9003 InternationalAccounts@bea.gov