Trade Deficit Increases by Over $6 Billion in January
The monthly trade deficit increased by about 16 percent from December 2012 levels to $44.4 billion in January, due to a drop in exports and an increase in imports, the Census Bureau and Bureau of Economic Analysis said in their…
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U.S. International Trade in Goods and Services Report for January 2013. The report showed that exports decreased by $2.1 billion to $184.5 billion in January. Most of that decrease came from industrial supplies and materials, a $2.6 billion decline, the report said. Imports increased by $4.1 billion from December, to $228.9 billion in January. The majority of that increase -- $4 billion -- was also due to industrial supplies and materials.