April 17 (UPI) -- The U.S. goods and services trade deficit dropped 3.4 percent to $49.4 billion in February, its lowest level since June 2018, according to a report released Wednesday by the Census Bureau and the Bureau of Economic Analysis.
The $1.8 billion drop was boosted by U.S. exports increasing 1.1 percent to $209.7 billion, while imports rose just 0.2 percent to $259.1 billion. Goods and services for the year decreased 7.6 percent, to $8.3 billion, from the same period in 2018.