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Statement from Commerce Secretary John Bryson on International Trade in Goods and Services in January 2012

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Friday, March 9, 2010

U.S. Secretary of Commerce John Bryson issued the following statement today on the release (PDF) of the January 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in January 2012 were up 1.4 percent or $2.6 billion from the same period of 2011 to reach $180.8 billion. This marks the second consecutive month of export growth.  In January 2012, the U.S. realized record exports in total services ($52.2 billion), capital goods ($43.2 billion), and automotive vehicles ($12.7 billion). U.S. imports of goods and services increased by 2.1 percent to reach $233.4 billion, causing the U.S. trade deficit to increase by 4.3 percent to reach $52.6 billion in January 2012.

“After increasing by over a third from 2009 to 2011, U.S. exports in 2012 began with a gain in January, but economic challenges abroad mean that we must redouble our efforts to make it easier for U.S. businesses to sell their products and services in foreign markets,” said U.S. Commerce Secretary John Bryson. “We cannot become complacent when it comes to helping businesses build it here and sell it everywhere. This administration will continue to fight to help level playing field for U.S. businesses and workers, and to foster competitiveness, innovation, and job creation.”

Fact Sheet (PDF)