March 08, 2023

U.S. International Trade in Goods and Services, January 2023

The U.S. monthly international trade deficit increased in January 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.2 billion in December (revised) to $68.3 billion in January, as imports increased more than exports. The goods deficit decreased $0.6 billion in January to $90.1 billion. The services surplus decreased $1.7 billion in January to $21.8 billion.

Principal Federal Economic Indicators

Gross Domestic Product
Q4 2022 (2nd)
+2.7%
Personal Income
January 2023
+0.6%
International Trade in Goods and Services
January 2023
-$68.3 B
International Transactions
Q3 2022
-$217.1 B

Noteworthy

The BEA Wire | BEA's Official Blog

2022 Trade Gap is $945.3 Billion

March 8, 2023

The U.S. international trade deficit increased from $845.0 billion in 2021 to $945.3 billion in 2022 (revised), as imports increased more than exports. The goods deficit increased $100.7 billion to $1.19 trillion, and the services surplus increased $0.5 billion to $245.7 billion. The goods and services deficit was 3.7 percent of current-dollar gross domestic product in 2022, up from 3.6 percent in 2021.

January 2023 Trade Gap is $68.3 Billion

March 8, 2023

The U.S. international trade deficit increased from $67.2 billion in December (revised) to $68.3 billion in January, as imports increased more than exports. The goods deficit decreased $0.6 billion to $90.1 billion, and the services surplus decreased $1.7 billion to $21.8 billion.

Personal Income and Outlays, January 2023

February 24, 2023

Personal income increased $131.1 billion, or 0.6 percent at a monthly rate, while consumer spending increased $312.5 billion, or 1.8 percent, in January. The increase in personal income primarily reflected an increase in compensation. Government social benefits decreased in January, reflecting a decrease in “other” benefits that was partly offset by an increase in Social Security. The personal saving rate (that is, personal saving as a…

Gross Domestic Product, Fourth Quarter 2022 and Year 2022

February 23, 2023

Real gross domestic product (GDP) increased at an annual rate of 2.7 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. The increase in the fourth quarter primarily reflected increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment.

Coming Soon: A Closer Look at the Mix of Global and Domestic Content in U.S. Exports

February 15, 2023

BEA is expanding its prototype statistics that provide a more complete and nuanced understanding of U.S. exports. Watch for an update and expansion of the statistics known as trade in value added, or TiVA, coming in March.

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