US trade deficit narrows to $51.1 billion in January

Wednesday, 27 March 2019 22:05:31 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Bureau of Economic Analysis announced today that the goods and services deficit was $51.1 billion in January, down $8.8 billion from $59.9 billion in December, revised. 

January exports were $207.3 billion, $1.9 billion more than December exports. January imports were $258.5 billion, $6.8 billion less than December imports. The January decrease in the goods and services deficit reflected a decrease in the goods deficit of $8.2 billion to $73.3 billion and an increase in the services surplus of $0.5 billion to $22.1 billion.

Year-over-year, the goods and services deficit decreased $1.9 billion, or 3.7 percent, from January 2018. Exports increased $6.1 billion or 3.0 percent. Imports increased $4.1 billion or 1.6 percent.

The January figures show surpluses, in billions of dollars, with South and Central America ($4.5), United Kingdom ($2.0), Hong Kong ($1.8), Canada ($1.4), and Brazil ($1.1).

Deficits were recorded, in billions of dollars, with China ($33.2), European Union ($13.1), Mexico ($7.2), Germany ($6.0), Japan ($5.3), Italy ($2.9), South Korea ($2.4), Taiwan ($2.2), India ($1.9), France ($1.2), OPEC ($0.2), Saudi Arabia ($0.1), and Singapore (less than $0.1).


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