International Deficit $83.7 Billion in January

The U.S. Census Bureau announced the following international trade, wholesale inventories, and retail inventories advance statistics for January 2021:

Advance International Trade in Goods The international trade deficit was $83.7 billion in January, up $0.5 billion from $83.2 billion in December. Exports of goods for January were $135.2 billion, $1.9 billion more than December exports. Imports of goods for January were $218.9 billion, $2.5 billion more than December imports.

Advance Wholesale Inventories Wholesale inventories for January, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $661.6 billion, up 1.3% (±0.4%) from December 2020, and were up 0.5% (±0.7%)* from January 2020. The November 2020 to December 2020 percentage change was revised from up 0.3% (±0.4%)* to up 0.5%(±0.4%).

Advance Retail Inventories Retail inventories for January, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $625.1 billion, down 0.6% (±0.2%) from December 2020, and were down 5.8% (±0.5%) from January 2020. The November 2020 to December 2020 percentage change was revised from up 1.2% (±0.2%) to up 1.9% (±0.2%).