U.S. trade deficit rises slightly

The U.S. trade deficit inched up in January, according to the Department of Commerce.
MAR 11, 2008
The U.S. trade deficit inched up in January, according to the Department of Commerce. The goods and services deficit increased 0.6% to $58.2 billion from December’s $57.9 billion. Exports for the month were up $2.4 billion from December to $148.2 billion while imports rose $2.7 billion to $206.4 billion. The goods and services deficit was up $0.8 billion from the year-ago period with exports up $21.1 billion, or 16%, and imports up $21.9 billion, or 11.9%. Civilian aircraft exports fell $679 million for the month but remained the largest U.S export in January. Imports — mostly in the form of industrial supplies and materials — rose $3.8 billion in January from the previous month.

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