Trade Gap Widens More Than Expected: Expect More Trump Howls

Economists expected the trade gap to increase, but the results were even worse, with falling exports the main culprit.

The Commerce Department International Trade report for January shows the US trade deficit with the rest of the world increased to $-56.6 billion from a revised higher $55.1 billion in December.

Trade Highlights

  • January exports were $200.9 billion, $2.7 billion less than December exports.
  • January imports were $257.5 billion, down less than $0.1 billion from December imports.
  • The January increase in the goods and services deficit reflected an increase in the goods deficit of $2.8 billion to $76.5 billion and an increase in the services surplus of $0.1 billion to $19.9 billion.
  • Year-over-year, the goods and services deficit increased $7.9 billion, or 16.2 percent, from January 2017. Exports increased $9.7 billion or 5.1 percent. Imports increased $17.6 billion or 7.4 percent.

Goods Exports

Exports of goods on a Census basis decreased $3.3 billion.

  • Capital goods decreased $2.6 billion.
  • Industrial supplies and materials decreased $1.3 billion.
  • Other goods decreased $1.0 billion.
  • Consumer goods increased $1.2 billion (Artwork, antiques, stamps, and other collectibles increased $0.5 billion. Pharmaceutical preparations increased $0.4 billion.)

We are exporting more antiques. Lovely. That will get the economy humming.

Goods Imports

Imports of goods on a Census basis decreased $0.3 billion.

  • Capital goods decreased $1.3 billion.
  • Consumer goods decreased $0.9 billion. (Cell phones and other household goods decreased $1.2 billion).
  • Industrial supplies and materials increased $2.0 billion.

Goods by Selected Countries and Areas

  • The January figures show surpluses, in billions of dollars, with Hong Kong ($2.6), South and Central America ($2.4), Singapore ($0.9), Brazil ($0.5), and United Kingdom ($0.3).
  • Deficits were recorded, in billions of dollars, with China ($35.5), European Union ($15.0), Germany ($6.3), Mexico ($5.6), Japan ($5.6), Italy ($2.8), OPEC ($2.5), India ($1.8), Taiwan ($1.5), Canada ($1.5), South Korea ($1.5), France ($1.4), and Saudi Arabia ($0.6).

The Econoday consensus was for the trade deficit to widen to $-55.1 billion from $53.1 billion. The consensus range was $-56.1 billion to $-52.8 billion. The report was outside the range. Trump will howl.

It's shocking, but somehow Econoday did not find hidden strength in antiques.


Let's invade Canada over that $1.5 billion. We need to go after Italian shoes too. To hell with it. Just stop all imports and export more antiques and drugs.

Mike "Mish" Shedlock

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Whirlaway said;” the buggy whip makers were replaced by auto and other manufacturers in the US”. And today, the manufacturers are being replaced by technology companies in the US. The tech companies in the US dwarf the manufacturers. Amazon, Apple, Microsoft, Google, Facebook, oracle, IBM, etc. Good old American ingenuity. Creating the jobs of the future. Yet, there will always be those who want to go back to the good old days when one could make a good living working for the buggy whip company or typewriter manufacturer.


The Buggy Whip companies in the US were replaced by Automobile companies - IN THE US. It is not as if the Buggy Whip jobs were exported to a foreign country and people had to buy them using their credit cards. Your intellectual dishonesty is glaringly obvious.


Might have saved one of the last companies in the whip trade.......fine American craftsmanship


"Just stop all imports and export more antiques and drugs."

The reason thats all we have left to export is due to globalist traitors who gutted our nation to build Asia.