USA-Trade Deficit/February

U.S. trade deficit hits record high in February

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FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
1. Various of United States Department of Commerce, U.S. national flag

FILE: Los Angeles, California, USA - Date Unknown (CCTV - No access Chinese mainland)
2. Various of port; containers

FILE: Houston, Texas, USA - Date Unknown (CCTV - No access Chinese mainland)
3. Cargo ships at port

FILE: USA - Date Unknown (CGTN - No access Chinese mainland)
4. Cargo ships at port

FILE: Racine, Wisconsin State, USA - Dec 14-16, 2019 (CGTN - No access Chinese mainland)
5. Various of workers working at farming equipment manufacturing line

FILE: Ohio, USA - Date Unknown (CGTN - No access Chinese mainland)
6. Various of workers working in autoglass production factory

FILE: New York City, USA - May 2020 (CGTN - No access Chinese mainland)
7. Various of empty street
8. Various of pedestrians, closed stores
9. Empty street

Storyline


The U.S. trade deficit increased by 4.8 percent to a record 71.1 billion U.S. dollars in February, U.S. Department of Commerce reported on Wednesday.

The figure was higher than the the revised January deficit of 67.8 billion U.S. dollars but also higher than 70.5 billion U.S. dollars which was predicted by economists.

In February, the COVID-19 pandemic and the cold weather had adverse effects over the country's imports and exports. The merchandise-trade deficit rose to 88 billion U.S. dollars while the surplus in services trade fell to 16.9 billion U.S. dollars.

In general, the total volume of import and export trade in February has dropped for the first time since last May.
 
Analysts said that the U.S. trade deficit widened significantly in February as the recovery of the domestic economy drove up enterprises and residents' demand for import products.

Since the United States became a net oil exporter in last February, deficit has appeared in the petroleum product trade in February again, which was mainly affected by the increase in international crude oil prices.

The global chips shortage also led to reduction of output of many vehicle companies. including Ford which indirectly influences the exports.





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  • ID : 8186516
  • Dateline : April 7, 2021/File
  • Location : United States
  • Category : economy, business and finance
  • Duration : 1'11
  • Audio Language : Nats
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2021-04-08 12:19
  • Last Modified : 2021-04-08 17:08:05
  • Version : 1
  • ID : 8186516
  • Dateline : Архив
  • Location : США
  • Category : economy, business and finance
  • Duration : 1'11
  • Audio Language : Естественный звук
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : Недоступно материковой части Китая
  • Published : 2021-04-08 17:01
  • Last Modified : 2021-04-08 17:08:05
  • Version : 1
  • ID : 8186516
  • Dateline : 7 abr. 2021/Archivo
  • Location : Estados Unidos
  • Category : economy, business and finance
  • Duration : 1'11
  • Audio Language : Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Published : 2021-04-08 14:45
  • Last Modified : 2021-04-08 17:08:05
  • Version : 1
  • ID : 8186516
  • Dateline : 2021年4月7日/資料
  • Category : economy, business and finance
  • Duration : 1'11
  • Audio Language : 自然音声
  • Source : China Central Television (CCTV)
  • Restrictions : 中国大陸での使用は不可
  • Published : 2021-04-08 15:23
  • Last Modified : 2021-04-08 17:08:05
  • Version : 1

USA-Trade Deficit/February

U.S. trade deficit hits record high in February

Dateline : April 7, 2021/File

Location : United States

Duration : 1'11

  • English
  • Pусский
  • Español
  • 日本語


FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
1. Various of United States Department of Commerce, U.S. national flag

FILE: Los Angeles, California, USA - Date Unknown (CCTV - No access Chinese mainland)
2. Various of port; containers

FILE: Houston, Texas, USA - Date Unknown (CCTV - No access Chinese mainland)
3. Cargo ships at port

FILE: USA - Date Unknown (CGTN - No access Chinese mainland)
4. Cargo ships at port

FILE: Racine, Wisconsin State, USA - Dec 14-16, 2019 (CGTN - No access Chinese mainland)
5. Various of workers working at farming equipment manufacturing line

FILE: Ohio, USA - Date Unknown (CGTN - No access Chinese mainland)
6. Various of workers working in autoglass production factory

FILE: New York City, USA - May 2020 (CGTN - No access Chinese mainland)
7. Various of empty street
8. Various of pedestrians, closed stores
9. Empty street


The U.S. trade deficit increased by 4.8 percent to a record 71.1 billion U.S. dollars in February, U.S. Department of Commerce reported on Wednesday.

The figure was higher than the the revised January deficit of 67.8 billion U.S. dollars but also higher than 70.5 billion U.S. dollars which was predicted by economists.

In February, the COVID-19 pandemic and the cold weather had adverse effects over the country's imports and exports. The merchandise-trade deficit rose to 88 billion U.S. dollars while the surplus in services trade fell to 16.9 billion U.S. dollars.

In general, the total volume of import and export trade in February has dropped for the first time since last May.
 
Analysts said that the U.S. trade deficit widened significantly in February as the recovery of the domestic economy drove up enterprises and residents' demand for import products.

Since the United States became a net oil exporter in last February, deficit has appeared in the petroleum product trade in February again, which was mainly affected by the increase in international crude oil prices.

The global chips shortage also led to reduction of output of many vehicle companies. including Ford which indirectly influences the exports.





ID : 8186516

Published : 2021-04-08 12:19

Last Modified : 2021-04-08 17:08:05

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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