Trade Deficit Fell by $8.8 Billion in January

Washington, DC, March 27, 2019-The goods and services deficit was $51.1 billion in January, down $8.8 billion from $59.9 billion in December, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

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%, from January 2018. Exports increased $6.1 billion or 3.0%. Imports increased $4.1 billion or 1.6%.