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Customs &
Trade News

Transport &
Trade News

March 09, 2018

U.S. international trade deficit increased to $56.6 billion in January

The U.S. Census Bureau announced that the country's goods and services trade deficit was $56.6 billion in January, up $2.7 billion from $53.9 billion in December.

January exports were $200.9 billion, $2.7 billion less than December exports, and January imports were $257.5 billion, down less than $0.1 billion from December imports.

The January increase in the goods and services deficit reflected an increase in the goods deficit of $2.8 billion to $76.5 billion and an increase in the services surplus of $0.1 billion to $19.9 billion.

The January figures show surpluses, in billions of dollars, with Hong Kong ($2.6), South and Central America ($2.4), Singapore ($0.9), Brazil ($0.5), and United Kingdom ($0.3).

Deficits were recorded, in billions of dollars, with China ($35.5), European Union ($15.0), Germany ($6.3), Mexico ($5.6), Japan ($5.6), Italy ($2.8), OPEC ($2.5), India ($1.8), Taiwan ($1.5), Canada ($1.5), South Korea ($1.5), France ($1.4), and Saudi Arabia ($0.6).