“The U.S. Census Bureau today released the U.S. International Trade in Goods and Services report for January 2017. This report includes data for the goods and services trade balance showing three-year highs for exports and imports. January exports of goods and services were $192.1 billion, the highest since December 2014 when they were $197.5 billion. January imports of goods and services were $240.6 billion, the highest since December 2014 when they were $241.2 billion.
For January 2017: The top exports of goods were automotive parts and accessories at $5.0 billion; passenger cars, new and used at $4.9 billion; and pharmaceutical preparations at $4.5 billion. The top exports of services were travel (for all purposes including education) at $17.4 billion, other business services at $12.1 billion, and charges for the use of intellectual property at $10.2 billion. The top imports of goods were passenger cars, new and used at $15.9 billion; crude oil at $11.8 billion; and cell phones and other household goods at $9.6 billion. The top imports of services were travel (for all purposes including education) at $10.5 billion, transport at $8.5 billion, and other business services at $8.4 billion. Note: All statistics referenced are seasonally adjusted.”