January US Trade Deficit: $68.5 Billion

UPDATE: Brad Setser's comments are interesting: Mike Mandel, Ricardo Hausmann and Federico Sturzenegger better be right (January trade data)

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis reports that the U.S. trade deficit for January was $68.5 Billion.


Click on graph for larger image.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total January exports of $114.4 billion and imports of $182.9 billion resulted in a goods and services deficit of $68.5 billion, $3.4 billion more than the $65.1 billion in December, revised.

January exports were $2.8 billion more than December exports of $111.6 billion. January imports were $6.2 billion more than December imports of $176.6 billion.

More to come.