Official Publication Edition · GDP
Source-grounded publication
Bureau of Economic Analysis announced today that the goods and services deficit was $131.4 billion in January, up $33.3 billion from $98.1 billion in December, revised.
The January figures show surpluses, in billions of dollars, with Netherlands ($4.3), South and Central America ($4.3), Belgium ($0.6), and Brazil ($0.6).
Source
U.S. International Trade in Goods and Services, January 2025
Sections
Publication sections
Key evidence
The source directly compares reported values for the stated scope: The real goods deficit increased $30.8 billion, or 27.5 percent, to $142.9 billion in January, compared to a 27.4 percent increase in the nominal deficit. The source directly compares reported values for the stated scope: Exports of services increased $0.6 billion to $97.0 billion in January. The source directly compares reported values for the stated scope: January imports were $401.2 billion, $36.6 billion more than December imports.
The source reports an amount on a billion scale for the stated scope: Exports of goods on a Census basis increased $2.8 billion. The source directly compares reported values for the stated scope: Imports of services increased $0.4 billion to $71.7 billion in January. The source directly compares reported values for the stated scope: Imports of goods increased $36.2 billion to $329.5 billion in January.
The source directly compares reported values for the stated scope: January exports were $269.8 billion, $3.3 billion more than December exports. The source directly compares reported values for the stated scope: The January increase in the goods and services deficit reflected an increase in the goods deficit of $33.5 billion to $156.8 billion and an increase in the services surplus of $0.2 billion to $25.4 billion. The source reports an amount on a billion scale for the stated scope: Exports increased $10.6 billion or 4.1 percent.
The source reports an amount on a billion scale for the stated scope: Imports increased $75.2 billion or 23.1 percent. The source reports an amount on a billion scale for the stated scope: Year-over-year, the average goods and services deficit increased $37.1 billion from the three months ending in January 2024. The source directly compares reported values for the stated scope: Exports of goods increased $2.7 billion to $172.8 billion in January.
The source reports an amount on a billion scale for the stated scope: Year-over-year, the goods and services deficit increased $64.5 billion, or 96.5 percent, from January 2024.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| Net balance of payments adjustments decreased $0.1 billion. | 0.1 | billion | — |
| Exports of goods on a Census basis increased $2.8 billion. | 2.8 | billion | — |
| Exports increased $10.6 billion or 4.1 percent. | 10.6 | billion | — |
| Imports increased $75.2 billion or 23.1 percent. | 75.2 | billion | — |
| Year-over-year, the average goods and services deficit increased $37.1 billion from the three months ending in January 2024. | 37.1 | billion | — |
| Year-over-year, the goods and services deficit increased $64.5 billion, or 96.5 percent, from January 2024. | 64.5 | billion | — |
| Imports of goods on a Census basis increased $36.2 billion. | 36.2 | billion | — |
Source and methodology
Source: the retained official publication. Method: normalized statements from section generic-text presented as reported, without recomputation.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none