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Tuesday, March 7, 2017 Services: Jeannine Aversa, (301) 278-9003 Goods: Mala Kline, (301) 763-2311 January 2017 Trade Gap is $48.5 Billion U.S. international trade in goods and services The U.S. monthly international trade deficit increased in January 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $44.3 billion in December (revised) to $48.5 billion in January, as imports increased more than exports. The previously published December deficit was $44.3 billion. The goods deficit increased $4.0 billion in January to $69.7 billion. The services surplus decreased $0.3 billion in January to $21.2 billion. Balance on Goods and Services Trade January 2007–January 2017 Billion $ -20 -30 -40 -50 -60 -70 -80 2007 2008 2009 U.S. Bureau of Economic Analysis U.S. Census Bureau 2010 2011 2012 2013 2014 2015 2016 2017 Seasonally adjusted Exports Exports of goods and services increased $1.1 billion, or 0.6 percent, in January to $192.1 billion. Exports of goods increased $1.1 billion and exports of services decreased less than $0.1 billion. • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($2.1 billion) and in automotive vehicles, parts, and engines ($1.3 billion). A decrease in capital goods ($1.9 billion) was partly offsetting. • The decrease in exports of services reflected nearly offsetting changes of $0.1 billion or less in all categories. Imports Imports of goods and services increased $5.3 billion, or 2.3 percent, in January to $240.6 billion. Imports of goods increased $5.1 billion and imports of services increased $0.2 billion. • The increase in imports of goods mostly reflected increases in consumer goods ($2.4 billion), in industrial supplies and materials ($1.0 billion), and in automotive vehicles, parts, and engines ($0.9 billion). • The increase in imports of services mostly reflected an increase in transport ($0.2 billion), which includes freight and port services and passenger fares. For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services: January 2017. BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic statistics for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the March 7 news release, U.S. International Trade in Goods and Services: January 2017, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is April 4, 2017.
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