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U.S. Imports, Exports Grew in January, Adding to Signs of Solid Global Economy

January's US trade with the rest of the world grew, with imports growing by 3.0% to $325.8 billion and exports rising 3.4% to $257.5 billion. China's exports fell 6.8%, while US imports from India rose 19%. Global trade likely to slow in coming months.

1 min read
  • U.S. trade with the rest of the world grew in January, with imports growing by 3.0% to $325.8 billion and exports rising 3.4% to $257.5 billion.
  • Trade gap in goods and services expanded 1.6% in January to $68.3 billion from December’s revised deficit of $67.2 billion.
  • U.S. retail sales rose 3% in January, the largest monthly gain in nearly two years.
  • China's exports fell 6.8% during the first two months of 2023 from a year earlier.
  • U.S. imports from India rose 19% from a year ago to $7.9 billion in January.
U.S. Imports, Exports Grew in January, Adding to Signs of Solid Global Economy
Trade deficit expanded 1.6% at the start of the year
WSJYuka Hayashi and Ant

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