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.
Exports of goods and services increased $8.5 billion, or 3.4 percent, in January to $257.5 billion. Exports of goods increased $10.1 billion, and exports of services decreased $1.6 billion.
- The increase in exports of goods reflected increases in consumer goods ($4.1 billion), in capital goods ($1.9 billion), and in automotive vehicles, parts, and engines ($1.2 billion).
- The decrease in exports of services reflected decreases in travel ($1.2 billion) and in transport ($0.7 billion). An increase in other business services ($0.3 billion) partly offset the decreases.
Imports of goods and services increased $9.6 billion, or 3.0 percent, in January to $325.8 billion. Imports of goods increased $9.5 billion, and imports of services increased $0.1 billion.
- The increase in imports of goods reflected increases in consumer goods ($4.1 billion), in automotive vehicles, parts, and engines ($3.1 billion), and in capital goods ($1.4 billion).
- The increase in imports of services reflected an increase in travel ($1.1 billion). A decrease in transport ($1.0 billion) partly offset the increase.
Real, or inflation-adjusted, statistics are also available for trade in goods. The real goods deficit increased 3.6 percent in January, compared to a 1.4 percent nominal decrease. Real exports of goods increased 3.8 percent, compared to a 5.0 percent nominal increase. Real imports of goods increased 3.7 percent, which is the same as the nominal increase.
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