US Trade Deficit Narrows in January


US trade gap declined 8.3 percent to $41.8 billion in January, from a revised $45.6 billion in December as imports decreased more than exports.

Exports were $189.4 billion, down $5.6 billion or 2.9 percent from December. Sales of goods decreased $5.5 billion to $128.7 billion in January as industrial supplies declined $2.2 billion.

Imports were $231.2 billion, down $9.4 billion or 4 percent from December. Purchases of goods decreased $8.9 billion to $190.3 billion in January as industrial supplies declined $6.0 billion.

The data reflected a labor dispute at West Coast ports that disruptied supply chains for U.S. companies.

The January figures show surpluses, in billions of dollars, with South and Central America ($2.2) and Brazil ($0.7). Deficits were recorded, in billions of dollars, with China ($29.3), European Union ($12.1), Germany ($6.7), Japan ($6.5), Mexico ($3.9), South Korea ($3.1), Italy ($2.4), India ($2.1), OPEC ($1.2), France ($1.2), Canada ($0.8), Saudi Arabia ($0.6), and United Kingdom ($0.1).

US Trade Deficit Narrows in January


BEA | carolina.cunha@tradingeconomics.com
3/6/2015 2:41:28 PM