U.S. Trade Deficit Report February 2026: Imports Climb to $372.1 Billion as Year-to-Date Gap Shrinks

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Source: Dukascopy Bank SA
According to the latest report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the U.S. trade deficit reached $57.3 billion in February 2026, marking a $2.7 billion increase from January. This gap widened as total imports rose to $372.1 billion (up $15.2 billion), outpacing exports, which grew to $314.8 billion (up $12.6 billion).



The monthly deficit was largely driven by an $84.6 billion gap in goods, where high demand for imported tech like computers and semiconductors offset exports of natural gas and gold. Meanwhile, the services surplus dipped to $27.3 billion due to higher payments for intellectual property. Despite this monthly uptick, the year-to-date deficit has actually improved significantly, falling 54.8% or $136.1 billion compared to the same period in 2025.

Globally, the U.S. saw its largest monthly deficits with Taiwan ($21.1 billion), Mexico ($16.8 billion), and Vietnam ($16.5 billion). Conversely, the strongest trade surpluses were with Switzerland ($7.8 billion), the Netherlands ($6.8 billion), and Hong Kong ($6.6 billion).
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