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USA-Trade Deficit/February
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.
USA-Trade Deficit/February
Dateline : April 7, 2021/File
Location : United States
Duration : 1'11
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 17:07:00
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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