US deficit widens
08 Mar, 2013
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, have announced that total January exports of $184.5 billion and imports of $228.9 billion resulted in a goods and services deficit of $44.4 billion, up from $38.1 billion in December, revised. January exports were $2.2 billion less than December exports of $186.6 billion. January imports were $4.1 billion more than December imports of $224.8 billion.
In January, the goods deficit increased $5.7 billion from December to $61.8 billion, and the services surplus decreased $0.6 billion from December to $17.3 billion. Exports of goods decreased $2.0 billion to $130.8 billion, and imports of goods increased $3.6 billion to $192.5 billion. Exports of services decreased $0.1 billion to $53.7 billion, and imports of services increased $0.5 billion to $36.4 billion.
The goods and services deficit decreased $7.8 billion from January 2012 to January 2013. Exports were up $5.8 billion, or 3.3 percent, and imports were down $2.0 billion, or 0.9 percent.