US foreign trade deficit doubles to $131.4B in January

​​​​​​​By Gokhan Ergocun

ISTANBUL (AA) - The US posted a foreign trade deficit of $131.4 billion in January, up 96.5% on a yearly basis, exceeding market expectations, the Bureau of Economic Analysis said Thursday.

Including goods and services, January exports were $269.8 billion, up 4.1%, and imports stood at $401.2 billion, increasing by 23.1% during the same period, official figures showed.

Exports of goods totaled $172.8 billion in January, and services came in at $97 billion, while imports amounted to $329.5 billion, and services $71.7 billion.

Exports were $269.8 billion, $3.3 billion more than December exports, and imports were $401.2 billion, up $36.6 billion.