January 2015 International Trade (General)

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The goods and services deficit was $41.8 billion in January, down $3.8 billion from $45.6 billion in December. January exports were $189.4 billion, down $5.6 billion from December. January imports were $231.2 billion, down $9.4 billion from December.

The January decrease in the goods and services deficit reflected a decrease in the goods deficit of $3.4 billion to $61.6 billion and an increase in the services surplus of $0.5 billion to $19.9 billion.

Year-over-year, the goods and services deficit increased $2.9 billion, or 7.5%, from January 2014. Exports decreased $3.3 billion or 1.7% while imports decreased $0.4 billion or 0.2%. 

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On a global scale, data compiled by the Netherlands Bureau for Economic Policy Analysis showed that world trade volume increased by 1.0% in December (from the prior month) while prices fell by 2.3%.

The foregoing comments represent the general economic views and analysis of Delphi Advisors, and are provided solely for the purpose of information, instruction and discourse. They do not constitute a solicitation or recommendation regarding any investment.