The U.S. trade deficit in goods and services fell 6.8 percent in January after a 13.5 percent jump in December, according to trade statistics released March 6 by the Department of Commerce. The monthly deficit of $45.3 billion reflected a 0.4 percent decrease in exports to $208.6 billion and a 1.6 percent decline in imports to $253.9 billion. DOC states that the monthly deficit saw a 15.8 percent drop from a year earlier as exports rose 1.1 percent and imports fell 2.4 percent.
The deficit in goods trade fell 3.7 percent in January to $67.0 billion. Imports of goods were down 2.0 percent to $203.4 billion, including decreases of $1.3 billion in non-monetary gold and $600 million in other petroleum products. Exports of goods were down 1.0 percent to $136.4 billion, including an increase of $900 million in automotive vehicles, parts, and engines along with decreases of $1.7 billion in civilian aircraft, $800 million in crude oil, and $600 million in fuel oil.
The services surplus gained 2.8 percent to $21.7 billion, with imports down 0.2 percent to $50.5 billion and exports up 0.7 percent to $72.2 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$23.7 billion
|
-7.8
|
|
|
|
European Union
|
$13.5 billion
|
-3.6
|
|
|
|
Mexico
|
$9.2 billion
|
-2.1
|
|
|
|
Germany
|
$5.6 billion
|
+1.8
|
|
|
|
Japan
|
$5.3 billion
|
+20.5
|
|
|
|
Italy
|
$2.6 billion
|
-10.3
|
|
|
|
Taiwan
|
$1.8 billion
|
-25.0
|
|
|
|
India
|
$1.7 billion
|
0
|
|
|
|
France
|
$0.7 billion
|
+133.3
|
|
|
|
Canada
|
$0.7 billion
|
-84.1
|
|
|
|
South Korea
|
$0.6 billion
|
-68.4
|
|
|
|
Singapore
|
$0.1 billion
|
Change from $0.5 billion surplus
|
|
|
|
Saudi Arabia
|
<$0.1 billion
|
Change from $0.3 billion surplus
|
|
|
|
South/Central America
|
|
|
$5.8 billion
|
+26.1
|
|
Hong Kong
|
|
|
$1.8 billion
|
-5.3
|
|
Brazil
|
|
|
$1.7 billion
|
+88.9
|
|
United Kingdom
|
|
|
$1.6 billion
|
+166.7
|
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