The U.S. Commerce Department on Thursday reported that the country’s goods and services exports in February were up 0.1 percent from January to reach a record $181.2 billion.
In addition, record highs were seen in U.S. exports of total services ($53.2 billion), and capital goods exports ($43.2 billion).
The trade deficit narrowed by $6.5 billion from January to February, to $46.0 billion. This reflected a $6 billion decrease in the goods trade deficit and a $0.5 billion increase in the services surplus.
U.S. goods and services exports year-to-date through February 2012 were up 8.5 percent or $28.5 billion from the same period of 2011 to reach $362.1 billion. This marks the third consecutive month of export growth, the Commerce Department said.
“Earlier this week I visited the Whirlpool Corporation's new facility in Tennessee where they are producing great products and selling them around the globe. We need more stories like that,” said Commerce Secretary John Bryson, in a statement. “When U.S. businesses can compete internationally, they win, and this administration will continue doing everything it can to ensure their success and with that create more job opportunities for American workers."