U.S. Trade Deficit Widens in January


Total January exports of $180.8 billion and imports of $233.4 billion resulted in a goods and services deficit of $52.6 billion, up from $50.4 billion in December, revised. January exports were $2.6 billion more than December exports of $178.2 billion. January imports were $4.7 billion more than December imports of $228.7 billion.

In January, the goods deficit increased $2.4 billion from December to $67.5 billion, and the services surplus increased $0.3 billion from December to $14.9 billion. Exports of goods increased $1.9 billion to $128.6 billion, and imports of goods increased $4.3 billion to $196.1 billion. Exports of services increased $0.7 billion to $52.2 billion, and imports of services increased $0.4 billion to $37.3 billion.

The December to January increase in exports of goods reflected increases in capital goods ($1.3 billion); automotive vehicles, parts, and engines ($1.1 billion); and foods, feeds,
and beverages ($0.1 billion). Decreases occurred in other goods ($0.5 billion); industrial supplies and materials ($0.3 billion); and consumer goods ($0.2 billion).

The December to January increase in imports of goods reflected increases in automotive vehicles, parts, and engines ($2.4 billion); industrial supplies and materials ($1.1 billion); foods, feeds, and beverages ($0.4 billion); and consumer goods ($0.2 billion). A decrease occurred in other goods ($0.1 billion). Capital goods were virtually unchanged.


TradingEconomics.com, U.S. Bureau of Economic Analysis
3/9/2012 1:50:55 PM