JOC Staff | Mar 07, 2013 4:15PM EST
The U.S. exported $184.5 billion in goods and services in January and imported $228.9 billion of goods and services, resulting in a goods and services deficit of $44.4 billion, up from $38.1 billion in December 2012, according to data released today by the Bureau of Economic Analysis of the U.S. Department of Commerce.
The goods deficit increased $5.7 billion from December to $61.8 billion. Exports fell $2.0 billion to $130.8 billion, and imports rose $3.6 billion to $192.5 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.
“The outlook for exports in 2013 remains bright,” said Fred P. Hochberg, chairman and president of Export-Import Bank of the U.S., in a written statement.