The U.S. trade deficit in goods and services increased 6.6 percent in January to $56.6 billion, the largest monthly shortfall in nearly a decade, according to trade statistics released by the Department of Commerce. Exports fell 1.2 percent to $200.9 billion while imports were virtually unchanged at $257.5 billion.
The deficit in goods trade gained 3.8 percent to $76.5 billion in January. Imports of goods slid 0.1 percent to $210.7 billion, including decreases of $1.2 billion in cell phones and other household goods, $900 million in civil aircraft, and $500 million in semiconductors along with a $2.2 billion increase in crude oil. Exports of goods fell 2.2 percent to $134.2 billion, including decreases of $1.8 billion in civil aircraft, $500 million in fuel oil, and $200 million in crude oil along with increases of $500 million in artwork, antiques, stamps, and other collectibles and $400 million in pharmaceutical preparations.
The services surplus was up 0.5 percent to $19.9 billion. Imports gained 0.4 percent to $46.8 billion and exports gained 0.5 percent to $66.7 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$35.50 billion
|
+4.4
|
|
|
|
European Union
|
$15.0 billion
|
-12.8
|
|
|
|
Germany
|
$6.3 billion
|
+10.5
|
|
|
|
Mexico
|
$5.6 billion
|
+8.2
|
|
|
|
Japan
|
$5.6 billion
|
+1.8
|
|
|
|
Italy
|
$2.8 billion
|
-24.3
|
|
|
|
India
|
$1.8 billion
|
-14.3
|
|
|
|
South Korea
|
$1.5 billion
|
-28.6
|
|
|
|
Taiwan
|
$1.5 billion
|
-6.3
|
|
|
|
Canada
|
$1.5 billion
|
+7.2
|
|
|
|
France
|
$1.4 billion
|
-33.3
|
|
|
|
Saudi Arabia
|
$0.6 billion
|
0
|
|
|
|
Hong Kong
|
|
|
$2.6 billion
|
+4.0
|
|
South/Central America
|
|
|
$2.4 billion
|
-35.1
|
|
Singapore
|
|
|
$0.9 billion
|
0
|
|
Brazil
|
|
|
$0.5 billion
|
-54.5
|
|
United Kingdom
|
|
|
$0.3 billion
|
0
|
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