The increase in the goods and services deficit reflected a rise in the goods gap of $1.1 billion to $63.7 billion and an increase in the services surplus of $0.1 billion to $18.0 billion.
Total exports fell for the fourth straight month, down 2.1 percent to $176.46 billion. Sales of goods decreased $4.0 billion to $116.9 billion: capital goods declined $1.2 billion, industrial supplies and materials fell $0.9 billion, fuel oil dropped $0.7 billion and consumer goods decreased $0.8 billion. Exports of services increased $0.2 billion to $59.6 billion: travel (for all purposes including education) increased $0.2 billion and transport, which includes freight and port services and passenger fares, increased $0.1 billion.
Total imports shrank 1.3 percent to $222.13 billion, following a 0.3 percent rise in the previous month. Purchases of goods decreased $2.9 billion to $180.6 billion: industrial supplies and materials decreased $2.1 billion, crude oil decreased $1.8 billion, capital goods decreased $1.2 billion and civilian aircraft decreased $0.9 billion. Imports of services increased less than $0.1 billion to $41.5 billion: other business services, which includes research and development services, professional and management services, and technical, trade-related, and other services, increased $0.1 billion and travel (for all purposes including education) increased $0.1 billion.
Year-over-year, the goods and services deficit increased $2.1 billion, or 4.8 percent, from January 2015. Exports decreased $12.5 billion or 6.6 percent. Imports decreased $10.5 billion or 4.5 percent.