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Exports, Imports, and Balance (Exhibit 1)
January exports were $200.9 billion, $2.7 billion less than December exports. January imports were $257.5 billion, down less than $0.1 billion from December imports.
The January increase in the goods and services deficit reflected an increase in the goods deficit of $2.8 billion to $76.5 billion and an increase in the services surplus of $0.1 billion to $19.9 billion.
Year-over-year, the goods and services deficit increased $7.9 billion, or 16.2 percent, from January 2017. Exports increased $9.7 billion or 5.1 percent. Imports increased $17.6 billion or 7.4 percent.
Exports (Exhibits 3, 6, and 7)
Exports of goods decreased $3.0 billion to $134.2 billion in January.
Exports of goods on a Census basis decreased $3.3 billion.
Exports of services increased $0.3 billion to $66.7 billion in January.
Imports (Exhibits 4, 6, and 8)
Imports of goods decreased $0.2 billion to $210.7 billion in January.
Imports of goods on a Census basis decreased $0.3 billion.
Imports of services increased $0.2 billion to $46.8 billion in January.
Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19)
The January figures show surpluses, in billions of dollars, with Hong Kong ($2.6), South and Central America ($2.4), Singapore ($0.9), Brazil ($0.5), and United Kingdom ($0.3). Deficits were recorded, in billions of dollars, with China ($35.5), European Union ($15.0), Germany ($6.3), Mexico ($5.6), Japan ($5.6), Italy ($2.8), OPEC ($2.5), India ($1.8), Taiwan ($1.5), Canada ($1.5), South Korea ($1.5), France ($1.4), and Saudi Arabia ($0.6).
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