The monthly U.S. trade deficit in goods and services increased 5.1 percent in January as imports rose faster than exports.
Imports were up 1.1 percent, to $324.6 billion, from December to January. Imports of goods rose 1.2 percent to $263.4 billion, with increases of $1.1 billion for passenger cars and $1.0 billion for trucks, buses, and special-purpose vehicles along with decreases of $1.9 billion for crude oil and $1.1 billion for cell phones and other household goods. Services imports edged up 0.8 percent to $61.3 billion.
Exports inched up 0.1 percent in January to $257.2 billion. Exports of goods were up 0.1 percent to $171.8 billion, with increases of $1 billion for non-monetary gold, $700 million for passenger cars, and $600 million for consumer goods as well as decreases of $1.4 billion for crude oil and $600 million for fuel oil. Services exports gained 0.2 percent to $85.4 billion.
With exports and imports both up, the monthly U.S. trade deficit increased from $64.2 billion in December to $67.4 billion in January. The deficit in goods trade rose 3.4 percent to $91.6 billion while the services trade surplus fell 1.2 percent to $24.2 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$22.9 billion
|
+0.4
|
|
|
|
European Union
|
$18.1 billion
|
+2.8
|
|
|
|
Mexico
|
$12.7 billion
|
-7.3
|
|
|
|
Vietnam
|
$8.5 billion
|
-15.0
|
|
|
|
Japan
|
$7.3 billion
|
+40.4
|
|
|
|
Germany
|
$6.3 billion
|
-12.5
|
|
|
|
Ireland
|
$6.0 billion
|
+5.3
|
|
|
|
Canada
|
$5.7 billion
|
+3.6
|
|
|
|
South Korea
|
$5.5 billion
|
+10.0
|
|
|
|
Taiwan
|
$4.8 billion
|
+45.5
|
|
|
|
Italy
|
$3.8 billion
|
+18.8
|
|
|
|
India
|
$3.7 billion
|
-14.0
|
|
|
|
Malaysia
|
$2.1 billion
|
-4.5
|
|
|
|
Switzerland
|
$1.5 billion
|
-40.0
|
|
|
|
France
|
$1.4 billion
|
+40.0
|
|
|
|
Israel
|
$0.4 billion
|
+100.0
|
|
|
|
South/Central America
|
|
|
$4.2 billion
|
-10.6
|
|
Netherlands
|
|
|
$4.1 billion
|
-6.8
|
|
Hong Kong
|
|
|
$2.2 billion
|
+37.5
|
|
Australia
|
|
|
$1.6 billion
|
-11.1
|
|
Belgium
|
|
|
$1.1 billion
|
+120.0
|
|
United Kingdom
|
|
|
$1.4 billion
|
-26.3
|
|
Singapore
|
|
|
$0.4 billion
|
-66.6
|
|
Saudi Arabia
|
|
|
$0.2 billion
|
Shift from $0.1 billion deficit
|
|
Brazil
|
|
|
$0.2 billion
|
Shift from $0.1 billion deficit
|
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