March 05, 2021

U.S. International Trade in Goods and Services, January 2021

The U.S. monthly international trade deficit increased in January 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.0 billion in December (revised) to $68.2 billion in January, as imports increased more than exports. The previously published December deficit was $66.6 billion. The goods deficit increased $1.3 billion in January to $85.4 billion. The services surplus increased $0.1 billion in January to $17.2 billion.

Principal Federal Economic Indicators

Gross Domestic Product
Q4 2020 (2nd)
+4.1%
Personal Income
January 2021
+10.0%
International Trade in Goods and Services
January 2021
-$68.2
International Transactions
Q3 2020
-$178.5B

Noteworthy

The BEA Wire | BEA's Official Blog

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The U.S. international trade deficit increased in 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $576.9 billion in 2019 to $681.7 billion in 2020, as exports decreased more than imports. As a percentage of U.S. gross domestic product, the goods and services deficit was 3.3 percent in 2020, up from 2.7 percent in 2019. The goods deficit increased from $864.3 billion in 2019 to $915…

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