The U.S. goods and services trade deficit increased from $64.2 billion in December (revised) to $67.4 billion in January, as imports increased more than exports. The goods deficit increased $3.0 billion to $91.6 billion, and the services surplus decreased $0.3 billion to $24.2 billion
Exports of goods and services increased $0.3 billion, or 0.1 percent, in January to $257.2 billion. Exports of goods increased $0.2 billion, and exports of services increased $0.2 billion.
- The increase in exports of goods reflected increases in automotive vehicles, parts, and engines ($1.4 billion), in consumer goods ($0.6 billion), and in capital goods ($0.6 billion). A decrease in industrial supplies and materials ($1.7 billion) partly offset the increases.
- The increase in exports of services reflected increases in financial services ($0.1 billion) and in travel ($0.1 billion).
Imports of goods and services increased $3.6 billion, or 1.1 percent, in January to $324.6 billion. Imports of goods increased $3.1 billion, and imports of services increased $0.5 billion.
- The increase in imports of goods reflected increases in capital goods ($3.1 billion) and in automotive vehicles, parts, and engines ($2.0 billion). Decreases in industrial supplies and materials ($1.3 billion) and in consumer goods ($1.1 billion) partly offset the increases.
- The increase in imports of services reflected increases in travel ($0.5 billion) and in financial services ($0.1 billion). A decrease in transport ($0.2 billion) partly offset the increases.
Real, or inflation-adjusted, statistics are also available for trade in goods (Census basis). The real goods deficit increased 3.0 percent in January, compared to a 3.1 percent increase in the nominal deficit. Real exports of goods decreased 0.2 percent, compared to a 0.1 percent increase in nominal exports. Real imports of goods increased 1.0 percent, compared to a 1.2 percent increase in nominal imports.
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