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January 2021 Press Highlights All values in billions of dollars. Goods and services monthly BOP series began with January 1992 statistics. Goods and Services (BOP Basis, seasonally adjusted) January 2021 Goods and Services Balance December 2020 Percent Change from Prior Month Larger Increase or Decrease by Percent Change / When it Occurred -68.2 -67.0 1.9 7.9 October 2020 - November 2020 Exports 191.9 190.1 1.0 3.4 November 2020 - December 2020 Imports 260.2 257.1 1.2 1.7 November 2020 - December 2020 Goods (BOP Basis) Balance -85.4 -84.1 1.6 6.0 October 2020 - November 2020 Exports 135.7 133.6 1.6 4.7 November 2020 - December 2020 Imports 221.1 217.7 1.6 3.0 October 2020 - November 2020 January 2021 December 2020 Dollar Change from Prior Month -68.2 -67.0 -1.2 -5.1 October 2020 - November 2020 Exports 191.9 190.1 1.8 6.3 November 2020 - December 2020 Imports 260.2 257.1 3.1 4.2 November 2020 - December 2020 Goods and Services Balance Goods (BOP Basis) Balance Larger Increase or Decrease by Dollar Change / When it Occurred -85.4 -84.1 -1.3 -4.9 October 2020 - November 2020 Exports 135.7 133.6 2.1 5.9 November 2020 - December 2020 Imports 221.1 217.7 3.4 6.3 October 2020 - November 2020 * January imports of goods and services ($260.2 billion) were the highest since August 2019 ($261.3 billion). * January imports of goods ($221.1 billion) were the highest on record. Goods (Census Basis, seasonally adjusted) Imports * January imports of goods ($219.9 billion) were the highest on record. * January imports of foods, feeds, and beverages ($13.8 billion) were the highest on record. * January imports of capital goods ($59.5 billion) were the highest on record. * January imports of consumer goods ($63.3 billion) were the highest on record. * January non-petroleum imports ($207.6 billion) were the highest on record. Real Dollar Basis (Chained 2012 Dollars, seasonally adjusted) * January real dollar imports of goods ($243.6 billion) were the highest on record. Country and Other Highlights (Census Basis, not seasonally adjusted) Balance * The January deficit with Canada ($3.3 billion) was the highest since December 2019 ($5.1 billion). * The January deficit with Germany ($6.3 billion) was the highest since August 2019 ($7.1 billion). * The January deficit with Russia ($1.6 billion) was the highest since December 2019 ($1.9 billion). Exports * January exports to Taiwan ($3.1 billion) were the highest on record. * January exports to South Korea ($5.2 billion) were the highest since December 2019 ($5.3 billion). Imports * January imports from Russia ($2.0 billion) were the highest since December 2019 ($2.4 billion). NOTE: Based on the March 5, 2021, U.S. International Trade in Goods and Services, January 2021 report, released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
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