Goods & Services Deficit Widened by $1.2 Billion in January
Washington, DC, March 5, 2021-The goods and services deficit was $68.2 billion in January, up $1.2 billion from $67.0 billion in December, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
January exports were $191.9 billion, $1.8 billion more than December exports. January imports were $260.2 billion, $3.1 billion more than December imports.
The January increase in the goods and services deficit reflected an increase in the goods deficit of $1.3 billion to $85.4 billion and an increase in the services surplus of $0.1 billion to $17.2 billion.
Year-over-year, the goods and services deficit increased $23.8 billion, or 53.7 percent, from January 2020. Exports decreased $15.7 billion or 7.6%. Imports increased $8.1 billion or 3.2%.
Related Topics:U.S. Census Bureau