U.S. Trade Deficit Shrank 25.3% in January


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The U.S. trade deficit shrank in January amid a surge in 
exports, Commerce Department and U.S. Census Bureau data showed Thursday (3/12).

   The U.S. goods and services deficit stood at $54.5 billion in January, down 
by $18.4 billion, or 25.3%, from a revised $72.9 billion in December, the 
Bureau of Economic Analysis, a unit within the Commerce Department, said in 
statement.

   The decrease came as the services surplus grew by $1 billion and the goods 
deficit shrank by $17.5 billion month-on-month to $81.8 billion.

   In January, U.S. imports decreased $2.6 billion month-on-month to $356.6 
billion, while exports rose $15.8, or 5.5%, to $302.1 billion, the BEA release 
showed. More than half of the increase in goods exports came from precious 
metals.

   Year-on-year, the trade deficit was down $73.9 billion, or 57.6%.




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