The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.3 billion in January, up $1.1 billion from $67.2 billion in December, revised.
The January increase in the goods and services deficit reflected a decrease in the goods deficit of $0.6 billion to $90.1 billion and a decrease in the services surplus of $1.7 billion to $21.8 billion.
January exports were $257.5 billion, $8.5 billion more than December exports. January imports were $325.8 billion, $9.6 billion more than December imports.
The average goods and services deficit decreased $3.0 billion to $65.4 billion for the three months ending in January. Year-over-year, the average goods and services deficit decreased $16.0 billion from the three months ending in January 2022.
Read the Census release.