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U.S. Trade gap at $131.4 billion in January 2025

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES



The U.S. trade gap widened in January 2025 as the demand of foreign goods and services out-grows exports.
U.S. trade gap grew in double digits in January 2025 by 34 % to a record $-131.4 billion. The growing trade deficit could post a drag to the GDP growth, despite growing trade of goods and services across U.S. borders and improving exports, increasing oil imports may signal healthy economic activity, but they also widen the trade deficit, as the trade gap subtracts from the GDP growth, economists noted.
International Trade (Picture Autor: Maurice Marcellin) licence Creative Commons
Economists were fairly certain the deficit was going to widen in January 2025 because the price of imported oil has skyrocketed, but the gain in imports was much broader than energy.

Imports from China, meanwhile, climbed to $41.6 billion in January 2025 from $37.5 billion in December 2024. The trade deficit with the rising Asian giant increased $6.76 billion to $-31.7 billion in January 2025. Country data are not seasonally adjusted.

Lawmakers and some business executives say China keeps its currency artifically low to boosts its exports.
• Imports of Crude Oil

34.30% -0.67% 8.33% 8.46% 1.66% 1.43% 1.06% 1.78%
Imports
Imports
Imports
Imports

Imports grew in double digits in January 2025 by 10.04 % to $401.2 billion, helped by improving imports of Industrial supplies, materials, Royalties and License Fees. Imports of Biotechnology grew as well, up 95.15 % to $17.87 billions and Other Transportation services contracted by -0.73 %. Imports of Weapons fell as well, by -31.21 % to $0.10 billions.

The combination of acceleration in stockpiling activity to meet stronger domestic demand and the price effect from higher commodity prices led to the stronger growth in imports.

The bulk of the increase in imports was tied to the higher cost of oil, whose price hit a recent peak. The cost per barrel was 2.24 % higher compared with a year earlier.
As a result, imports of crude oil and related petroleum products jumped to a seasonally adjusted $16.9 billion in January 2025 from $16.5 billion in December 2024. U.S. Imports of services grew by 0.61 %, whats more important purcheses of foreign made products, which accounted for 82.1 %, of total imports, rose by 12.34 %. • U.S. Exports by Major Category









Imports from europe increased, as trade with Ireland grew 82.43 %, but imports from Hungary fell.
Imports from Canada and Mexico grew in January 2025 boosted by the higher price of oil.
Pacific Rim Region has seen increasing demand from the U.S., led by 95.14 % increase in imports from Australia, but imports from Philippines fell.

From Jan. 2024, U.S. trade gap jumped by 94.8 %, due to 23.59 % increase in imports.

Exports increased in January 2025 by 1.24 %, reported by the Commerce Department, led by 8.46 % increase in Consumer goods and Travel services, which accounted for 0.63 % of total exports. Exports of Biotechnology grew as well, up 38.45 % to $4.12 billions. Bucking the overall trend, exports of miscellaneous other goods. U.S. Exports of Advanced Materials also declined, by -26.80 % to $0.27 billions.
U.S. exports are rising because of faster growth in emerging markets and the favorable foreign-exchange markets, economists add. U.S. Exports of services increased by 0.62 %, services accounted for 0.62 % of total exports, sales of U.S. made products, grew by 1.59 %.

Increasing exports to Chile where offset by the decline of sales to Brazil.
Exports to europe improved, as trade with Norway grew the most, up 92.68 %, but exports to Finland fell by -31.68 %.
Sales of U.S. made goods, improved in the Pacific Rim Region, led by 95.14 % increase in exports to Australia, but exports to Philippines fell.


• U.S. Imports by Major Countries

Exports to Selected Geographical Region



Technology Group Exports Technology Group Imports Technology Group Trade Balance
Total Technology Group exports increased by $1,422 millions or 3.71 % to $39,701 millions from Dec. 2024 , despitea decrease in exports of Aerospace goods by -7.25 % to $12,158 millions from Dec. 2024. Exports of Information and Communication goods rose by $1,422 millions or 7.81 % to $10,899 millions.
Total Technology Group imports increased by $6,145 millions or 8.96 % to $74,694 millions from Dec. 2024 , despite a decrease in imports of Electronics goods by -12.85 % to $7,391 millions from Dec. 2024. Imports of Information and Communication goods rose by $6,145 millions or 4.99 % to $35,036 millions.

• Imports by Technology Group 		Total Technology Group trade deficit rose by $4,723 millions or 15.60 % to $34,993 millions from deficit of $30,270 millions Dec. 2024. Information and Communications trade deficit rose by $875 millions or 3.76 % to $24,137 millions from deficit of $23,262 millions Dec. 2024.

• Trade Balance by Technology Group
Technology Group Exports
Total Technology Group exports increased by $1,422 millions or 3.71 % to $39,701 millions from Dec. 2024 , despitea decrease in exports of Aerospace goods by -7.25 % to $12,158 millions from Dec. 2024. Exports of Information and Communication goods rose by $1,422 millions or 7.81 % to $10,899 millions.


Technology Group Imports
Total Technology Group imports increased by $6,145 millions or 8.96 % to $74,694 millions from Dec. 2024 , despite a decrease in imports of Electronics goods by -12.85 % to $7,391 millions from Dec. 2024. Imports of Information and Communication goods rose by $6,145 millions or 4.99 % to $35,036 millions.

• Imports by Technology Group

Technology Group Trade Balance
Total Technology Group exports increased by $1,422 millions or 3.71 % to $39,701 millions from Dec. 2024 , despitea decrease in exports of Aerospace goods by -7.25 % to $12,158 millions from Dec. 2024. Exports of Information and Communication goods rose by $1,422 millions or 7.81 % to $10,899 millions.

U.S. International Trade in Goods & Services

(In millions $)




U.S. International Trade in Goods & Services
(In millions $)		 Jan. 2025
 Dec. 2024
 Nov. 2024
 Oct. 2024
 Sep. 2024
 Aug. 2024
Total Trade Balance
-131,382 -98,062 -78,193 -73,615 -84,359 -70,431
Trade Balance of Goods
-156,767 -123,281 -103,372 -97,943 -108,985 -94,879
Trade Balance of Services
25,385 25,219 25,179 24,328 24,627 24,448
Total Exports
269,819 266,520 273,366 266,309 267,948 271,755
Exports of Goods
172,779 170,077 177,552 171,383 176,030 179,443
Exports of Services
97,040 96,442 95,814 94,925 91,917 92,312
Total Imports
401,201 364,581 351,559 339,923 352,306 342,186
Imports of Goods
329,546 293,358 280,924 269,326 285,016 274,322
Imports of Services
71,655 71,223 70,635 70,597 67,291 67,864



U.S. Trade Balance by Selected Countries and Areas
( In millions $)




U.S. Trade Balance by Selected Countries and Areas
( In millions $)		 Jan. 2025
 Dec. 2024
 Nov. 2024
 Oct. 2024
 Sep. 2024
 Aug. 2024
Total Goods
-154,481 -119,984 -99,706 -111,693 -115,130 -97,886
North America
-25,630 -23,072 -20,397 -20,313 -21,305 -16,844
Canada
-11,881 -8,468 -5,049 -3,937 -5,481 -3,117
Mexico
-13,749 -14,604 -15,349 -16,377 -15,825 -13,727
Europe
-46,524 -33,333 -23,466 -22,574 -22,937 -20,988
European Union
-23,281 -21,895 -20,215 -20,001 -21,496 -19,261
Austria
-840 -1,250 -1,119 -1,109 -1,008 -1,105
Belgium
527 170 509 417 309 -170
Czech Republic
-218 -297 -318 -370 -333 -377
Finland
-523 -530 -613 -519 -455 -417
France
-748 -1,270 -2,070 -624 -1,057 -1,551
Germany
-7,565 -8,438 -6,511 -5,994 -6,528 -6,697
Hungary
-687 -1,170 -771 -982 -803 -886
Ireland
-12,390 -6,239 -9,293 -9,042 -9,307 -7,990
Italy
-3,289 -4,293 -3,049 -3,729 -2,677 -3,287
Netherlands
4,283 5,043 5,388 4,505 3,250 5,537
Poland
95 -294 17 -140 -225 130
Spain
389 517 341 326 233 343
Sweden
-557 -979 -816 -781 -501 -875
United Kingdom
2 1,574 366 1,684 1,682 604
Other E.U.
-1,758 -2,866 -1,907 -1,959 -2,392 -1,914
Norway
-75 -392 -131 20 -186 -7
Russia
-161 -88 -89 -262 -115 -30
Switzerland
-22,122 -13,001 -3,824 -3,882 -2,485 -2,056
Other Europe
-886 469 425 -133 -337 -238
Euro Area
-21,212 -18,223 -17,865 -17,039 -18,760 -16,398
Pacific Rim Countries
-60,334 -46,671 -42,384 -49,464 -48,872 -44,104
Australia
-2,190 367 1,888 901 1,505 1,960
China
-31,738 -24,980 -24,994 -27,962 -31,811 -27,877
Japan
-6,800 -5,885 -5,450 -7,304 -4,802 -4,868
Malaysia
-2,289 -2,697 -2,701 -2,723 -2,476 -1,065
Philippines
-467 -434 -730 -390 -669 -533
Newly Industrialized Countries (NICS)
-236 571 387 579 -148 -112
Hong Kong
-514 749 1,989 1,578 2,706 1,616
Korea
-5,411 -5,792 -5,027 -4,822 -5,709 -4,704
Singapore
-1,253 22 -200 535 1,435 971
Taiwan
-7,703 -6,486 -5,567 -7,340 -7,452 -8,055
Other Pacific Rim
-153 -26 -88 85 246 -79
South/Central America
3,010 3,378 4,779 4,318 3,357 4,239
Argentina
35 188 102 -78 -89 90
Brazil
85 504 281 679 1,129 950
Chile
245 93 519 383 -240 -151
Colombia
-140 316 171 392 -2 321
Other South/Central America
3,043 2,494 3,756 3,219 2,641 3,266
OPEC
- - - - - -
Indonesia
-1,816 -1,508 -1,503 -2,022 -1,846 -1,472
Nigeria
-143 -120 36 -102 -226 -162
Saudi Arabia
-756 -727 -693 -496 -930 -830
Venezuela
-258 -217 -50 -278 -82 -235
Other OPEC
- - - - - -
Africa
-1,130 -236 77 -452 -1,126 -770
Algeria
-49 -122 -35 -70 -65 -132
Egypt
570 604 467 398 219 259
South Africa
-1,874 -985 -848 -761 -911 -791
Other Africa
367 387 457 82 -142 57
Other Countries
-22,673 -18,791 -18,478 -22,757 -23,912 -18,700
India
-4,946 -4,183 -3,127 -5,020 -3,666 -2,277
Thailand
-236 571 387 579 -148 -112
Other
-3,988 -4,127 -3,750 -4,806 -4,678 -3,779




U.S. Imports by Major Category
( In millions $)




Imports by Major Category
( In millions $)		 Jan. 2025
 Dec. 2024
 Nov. 2024
 Oct. 2024
 Sep. 2024
 Aug. 2024
Total
401,201 364,581 351,559 339,923 352,306 342,186
Total Services
71,655 71,223 70,635 70,597 67,291 67,864
Travel
896 875 496 516 644 616
Passenger Fares
13,664 13,639 13,046 13,404 13,103 12,766
Other Transportation
15,680 15,796 15,446 15,380 14,553 14,795
Royalties and License Fees
314 282 164 161 219 218
Other Private Services
6,834 6,762 6,988 6,879 6,291 6,244
Transfers Under U.S. Military Sales Contracts
5,134 5,050 5,355 5,338 5,171 5,137
U.S. Government Misc. Services
5,107 4,952 5,435 5,322 4,626 5,427
Total Goods
329,546 293,358 280,924 269,326 285,016 274,322
Foods, feeds, and beverages
20,043 19,209 19,492 18,141 18,778 17,939
Industrial supplies and materials
90,449 67,347 56,413 52,683 55,956 53,732
Capital goods, except automotive
88,417 83,770 82,227 78,702 86,226 83,428
Automotive vehicles, parts, and engines
37,969 37,112 39,267 38,057 39,638 38,477
Consumer goods
78,285 72,262 69,805 68,983 71,050 66,977
Other goods
11,975 11,192 11,640 10,687 11,369 11,467




Exports by Technology Group
( In millions $)


Exports by Technology Group
( In millions $)		 Jan. 2025

 Dec. 2024

 Nov. 2024

 Oct. 2024

 Sep. 2024

 Aug. 2024
Total Technology Group
39,701 38,279 39,290 41,062 39,713 44,710
Advanced Materials
265 362 316 400 340 389
Aerospace
12,158 13,108 10,853 11,699 11,712 13,061
Biotechnology
4,123 2,978 5,285 4,706 4,591 6,273
Electronics
6,312 5,660 5,867 6,731 6,158 7,057
Flexible Manufacturing
1,872 1,758 1,397 1,631 1,697 1,474
Information and Communications
10,899 10,109 11,288 11,189 11,008 12,151
Life Science
2,911 3,200 3,341 3,310 3,285 3,334
Nuclear Technology
86 89 71 68 75 59
Opto-Electronics
482 582 513 628 622 475
Weapons
593 432 361 700 225 436





Annual Report on U.S. International Trade in Goods & Services
(In millions $)




U.S. International Trade in Goods & Services
(In millions $)		 2024
 2023
 2022
 2021
 2020
 2019
Total Trade Balance
-917,835 -840,421 -891,827 -859,133 -678,742 -576,865
Trade Balance of Goods
-1,212,989 -1,152,288 -1,111,962 -1,090,682 -915,797 -864,331
Trade Balance of Services
295,154 311,867 220,136 231,549 237,055 287,466
Total Exports
3,190,606 3,291,345 2,749,555 2,528,537 2,131,899 2,528,262
Exports of Goods
2,083,247 2,208,776 1,916,280 1,761,967 1,434,768 1,652,437
Exports of Services
1,107,358 1,082,566 833,277 766,570 697,131 875,825
Total Imports
4,108,441 4,131,765 3,641,384 3,387,670 2,810,641 3,105,127
Imports of Goods
3,296,236 3,361,063 3,028,244 2,852,649 2,350,564 2,516,767
Imports of Services
812,205 770,702 613,141 535,021 460,076 588,359

• Source U.S. Department of Commerce, BEA.gov
Picture Autor: (Maurice Marcellin) licence Creative Commons.




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