Overview
- Merchandise exports were $36.56 billion in January and imports rose to $71.24 billion, lifting the goods deficit to a three‑month high of $34.68 billion.
- Gold imports jumped to about $12.1 billion and silver to $2.0 billion, with shipments from Switzerland soaring to $3.95 billion, while oil import values were largely flat.
- Combined goods and services exports reached $80.45 billion and total imports $90.83 billion, taking the overall monthly trade deficit to $10.38 billion.
- Shipments to the United States fell 21.77% year‑on‑year to $6.6 billion in January due to earlier 50% tariffs; duties were cut in February and are slated to drop to 18% once an interim deal is formalized.
- Cumulative April–January exports rose 2.22% for merchandise and 6.15% overall to $720.76 billion, and the commerce secretary said full‑year exports could exceed $860 billion.