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January exports were $207.3 billion, $1.9 billion more than December exports. January imports were $258.5 billion, $6.8 billion less than December imports.
The January decrease in the goods and services deficit reflected a decrease in the goods deficit of $8.2 billion to $73.3 billion and an increase in the services surplus of $0.5 billion to $22.1 billion.
Year-over-year, the goods and services deficit decreased $1.9 billion, or 3.7 percent, from January 2018. Exports increased $6.1 billion or 3.0 percent. Imports increased $4.1 billion or 1.6 percent.
Exports of goods increased $1.8 billion to $137.4 billion in January.
Exports of goods on a Census basis increased $1.8 billion.
Exports of services increased $0.2 billion to $70.0 billion in January.
Imports of goods decreased $6.5 billion to $210.7 billion in January.
Imports of goods on a Census basis decreased $6.5 billion.
Imports of services decreased $0.3 billion to $47.8 billion in January.
The January figures show surpluses, in billions of dollars, with South and Central America ($4.5), United Kingdom ($2.0), Hong Kong ($1.8), Canada ($1.4), and Brazil ($1.1). Deficits were recorded, in billions of dollars, with China ($33.2), European Union ($13.1), Mexico ($7.2), Germany ($6.0), Japan ($5.3), Italy ($2.9), South Korea ($2.4), Taiwan ($2.2), India ($1.9), France ($1.2), OPEC ($0.2), Saudi Arabia ($0.1), and Singapore (less than $0.1).
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