Research >> Economics
Goods and Services Deficit Decreased in January 2010
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The Nation’s international trade deficit in goods and services decreased to $37.3 billion in January from $39.9 billion (revised) in December, as imports decreased more than exports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total January exports of $142.7 billion and imports of $180.0 billion resulted in a goods and services deficit of $37.3 billion, down from $39.9 billion in December, revised. January exports were $0.5 billion less than December exports of $143.2 billion. January imports were $3.1 billion less than December imports of $183.1 billion.
In January, the goods deficit decreased $2.5 billion from December to $49.4 billion, and the services surplus increased $0.1 billion to $12.1 billion. Exports of goods decreased $0.7 billion to $98.4 billion, and imports of goods decreased $3.2 billion to $147.8 billion. Exports of services increased $0.2 billion to $44.3 billion, and imports of services increased $0.1 billion to $32.2 billion.
In January, the goods and services deficit increased $0.4 billion from January 2009. Exports were up $18.7 billion, or 15.1 percent, and imports were up $19.1 billion, or 11.9 percent.
Posted: March 11, 2010 Thursday 08:30 AM