The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $45.3 billion in January, down $3.3 billion from $48.6 billion in December, revised.
View U.S. International Trade in GOODS AND SERVICES DEFICIT HERE:
Deficit: $45.3 Billion (-6.7%)*
Exports: $208.6 Billion (-0.4%)*
Imports: $253.9 Billion (-1.6%)(
Next Release: April 2, 2020
(*) Statistical significance is not applicable or not measurable.
Data adjusted for seasonaility but not price changes
Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, March 6, 2020
Exports, Imports, and Balance (exhibit 1)
January exports were $208.6 billion, $0.9 billion less than December exports. January imports were $253.9 billion, $4.2 billion less than December imports.
The January decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.6 billion to $67.0 billion and an increase in the services surplus of $0.6 billion to $21.7 billion.
Year-over-year, the goods and services deficit decreased $8.5 billion, or 15.8 percent, from January 2019. Exports increased $2.3 billion or 1.1 percent. Imports decreased $6.2 billion or 2.4 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit decreased $0.7 billion to $45.9 billion for the three months ending in January.
Average exports increased $0.7 billion to $208.6 billion in January.
Average imports decreased less than $0.1 billion to $254.5 billion in January.
Year-over-year, the average goods and services deficit decreased $10.2 billion from the three months ending in January 2019.
Average exports increased $1.9 billion from January 2019.
Average imports decreased $8.2 billion from January 2019. Read More →
https://www.bea.gov/news/2020/us-international-trade-goods-and-services-january-2020
