In January, the US goods trade deficit rose 2.6% to $90.2bn, driven by a $2.7bn increase in imports to $260.6bn.

The U.S. goods trade deficit expanded by 2.6% to $90.2 billion in January, according to the Commerce Department's advanced estimate. Economists had expected the deficit to narrow to $88.1 billion. The rise in the trade deficit was attributed to an increase in imports, which reached $260.6 billion in January, up $2.7 billion from the previous month. Exports in January were $170.4 billion, a $400 million increase from December.

February 28, 2024
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