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THURSDAY March 9, 2006 TRADE GAP WIDENS IN JANUARY 2006 U.S. international trade in goods and services USCENSUSBUREAU Helping You Make Informed Decisions The U.S. monthly goods and services deficit widened in January 2006, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $65.1 billion in December (revised) to $68.5 billion in January, as imports increased more than exports. Balance on Goods and Services Trade [Monthly, seasonally adjusted] ($ in Billions) $0 -$10 -$20 -$30 -$40 -$50 -$60 -$70 -$80 1999 2000 2001 2002 2003 2004 2005 2006 Exports Exports of goods and services increased $2.8 billion in January to $114.4 billion, mostly reflecting an increase in goods exports. Services exports also increased. The increase in goods exports was mostly accounted for by increases in industrial supplies and materials and capital goods. Consumer goods and other goods decreased. The increase in services exports was more than accounted for by increases in travel and passenger fares. Transfers under U.S. military sales contracts decreased. Imports Imports of goods and services increased $6.2 billion in January to $182.9 billion, mostly reflecting an increase in goods imports. Services imports also increased. The increase in goods imports reflected increases in all categories. The largest increase was in industrial supplies and materials. The increase in services imports was mostly accounted for by increases in other transportation and travel. Goods by geographic area (not seasonally adjusted) The goods deficit with China increased from $16.3 billion in December to $17.9 billion in January. Exports decreased $0.7 billion to $3.5 billion, while imports increased $0.9 billion to $21.4 billion. The goods deficit with the European Union decreased from $10.1 billion in December to $9.7 billion in January. Exports decreased $1.2 billion to $15.2 billion, while imports decreased $1.6 billion to $25.0 billion. The goods deficit with Canada increased from $8.0 billion in December to $8.9 billion in January. Exports decreased $0.2 billion to $17.3 billion, while imports increased $0.7 billion to $26.2 billion. BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the March 9 press release issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, U.S. International Trade in Goods and Services: January 2006. The next release is April 12, 2006. Contacts: Services: Ralph Stewart 202-606-2649 Goods: Vanessa Ware 301-763-2311 Bureau of Economic Analysis, U.S. Department of Commerce U.S. Census Bureau, U.S. Department of Commerce