US Trade Deficit Grew 1.9 Percent in January on Record Goods Imports

US Trade Deficit Grew 1.9 Percent in January on Record Goods Imports
Cargo shipping containers as seen in a file photo. Patrick T. Fallon/AFP via Getty Images
The Associated Press
Updated:

SILVER SPRING, Md.—The level of imported goods to the U.S. in January reached unprecedented levels and pushed the trade deficit 1.9 percent higher as the coronavirus pandemic continues to distort global commerce.

The gap between the goods and services the United States sold and what it bought abroad rose to $68.2 billion from $67 billion in December, the Commerce Department reported on March 5. Exports rose 1 percent to $191.9 billion, while imports increased 1.2 percent to $260.2 billion.