Statement from U.S. Commerce Secretary Gary Locke on January 2011 U.S. International Trade in Goods and Services
WASHINGTON – U.S. Commerce Secretary Gary Locke issued the following statement today on the release of the January 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in January 2011 increased 2.7 percent from December 2010 to $167.7 billion, the highest level for monthly exports on record with record exports in both exports of goods ($120.5 billion), and exports of services ($47.2 billion). U.S. imports of goods and services increased 5.2 percent over this period to $214.1 billion, causing the U.S. trade deficit to increase 15.1 percent since December 2010 to reach $46.3 billion in January 2011.