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US trade deficit for goods rises 2% to $91.5B in January

February 28, 2023

- Goods exports stood at $173.8B, imports at $265.3B, according to official figures

By Ovunc Kutlu

ISTANBUL (AA) – The US’ trade deficit for goods rose 2% to $91.5 billion in January, according to official data released on Tuesday.

The trade deficit, which is the difference between imported and exported goods, saw an increase of $1.8 billion from $89.7 billion in December, the Commerce Department’s Census Bureau said in a report.

The figure for December was revised down from $90.3 billion.

Exports in January stood at $173.8 billion, a gain of $7 billion from December.

Imports of goods swelled by $8.8 billion to $265.3 billion, the agency said.

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