US Trade Deficit Jumps by $7.2 Billion in January

Source: Census Bureau

The US had a total of $107.6 billion international trade deficit in January, up by $7.2 billion from December. SPY is down -1.03%, DXY is up +0.24%. 

• Overall exports declined by $2.8 billion in January from December to $154.8 billion. Imports rose by $4.4 billion to $262.5 billion. 
• The rise in deficit happens even as the advance wholesale inventories rose by 0.8% to $798.2 billion in January from December. The inventories were up 17.8% from the previous year. 
• Advance retail inventories increased by 1.9% to $658.1 billion in January from December. The inventories were 6.0% above January 2021.