ITA Issues Fact Sheet on 1.4% Rise in Exports, 2.1% Rise in Imports for Jan 2012

With the release of the January 2012 U.S. International Trade in Goods and Services report by the Census Bureau and Bureau of Economic Analysis, Commerce Secretary Bryson issued a statement and a fact sheet stating that U.S. exports increased 1.4% from December 2011 to January 2012, while imports increased 2.1% over the same period. The International Trade Administration says that, as a result, the monthly U.S. goods and services trade deficit was $52.6 billion in January 2012 , an increase of 4.3% when compared to December 2011.

The ITA’s fact sheet also highlights data on the U.S.-Korea Trade Agreement, Trans-Pacific Partnership, and Asia-Pacific Economic Cooperation group. According to ITA, U.S. merchandise exports to Korea reached a record $43.5 billion in 2011, up 12% from 2010; merchandise exports to other members of the TPP totaled $105.4 billion, up 18 % from 2010; and exports to the APEC group represented $894.3 billion of U.S. merchandise exports, up 15% from 2010.

Commerce Secretary Bryson's statement available here.