US advance goods trade balance for January -$153.26 billion versus -$122.0B last month

• Prior month -122.11 billion
• Trade deficit -$153.26B to a new record. Trump anticipated tariffs to blame as imports surged by $34.6 billion.

Details from the Census Bureau.

Advance International Trade in Goods

• Trade Deficit: $153.3 billion in January, up $31.2 billion from December.
• Exports: $172.2 billion in January, an increase of $3.3 billion from December.
• Imports: $325.4 billion in January, up $34.6 billion from December.

Looking at other advance data from the Census Bureau shows:

Advance Wholesale Inventories

• Inventory Level: $905.2 billion in January, up 0.7% from December and 1.1% from January 2024.
• Revision: November-to-December change revised from -0.5% to -0.4%.

Advance Retail Inventories

• Inventory Level: $821.3 billion in January, down 0.1% from December but up 4.9% from January 2024.
• Revision: November-to-December change revised from -0.4% to -0.5%.

This article was written by Greg Michalowski at www.forexlive.com.