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U.S.Economy: 
Trade Deficit Narrows in January
Author: 123jump.com Staff
123jump.com
Last Update: 8:50 AM ET March 13 2009

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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 $124.9 billion and imports of $160.9 billion resulted in a goods and services deficit of $36.0 billion, down from $39.9 billion in December, revised. January exports were $7.6 billion less than December exports of $132.5 billion.

 
Services exports for December were revised down $1.3 billion to $43.8 billion. The revision was mostly accounted for by downward revisions in royalties and license fees and other private services. Services imports for December were revised down $1.0 billion to $32.4 billion. The largest downward revisions were in other transportation, other private services, and royalties and license fees.


Available at:

http://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf
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