The Trade Deficit increased by $2.7 billion to of $39.7 billion in February, beating the expected increase to $38.9 billion, from a revised figure of $37 billion for January. February exports increased by $0.3 billion to $143.2 billion, offset by imports, which increased significantly more, by $3.0 billion to $182.9 billion. The Commerce Department provided the January figures of the trade balance of the U.S. relative to selected trading partners, in billions of dollars, with surpluses in Hong Kong ($1.6), Australia ($1.0), and Belgium ($0.7). Deficits were recorded, in billions of dollars, with China ($16.5), OPEC ($6.4), the European Union ($5.3), Mexico ($4.8), Japan ($4.3), Canada ($2.8), Venezuela ($2.1), Ireland ($2.0), and Germany ($2.3).
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