From the Department of Commerce reported:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.3 billion in January, up $1.1 billion from $67.2 billion in December, revised.
January exports were $257.5 billion, $8.5 billion more than December exports. January imports were $325.8 billion, $9.6 billion more than December imports.
emphasis added Click on graph for larger image.
Both exports and imports increased in January.
Exports are up 13% year-over-year; imports are up 3% year-over-year.
The second graph shows the U.S. trade deficit, with and without petroleum.
Note that net, exports of petroleum products are positive.
The trade deficit with China decreased to $25.2 billion in January, from $36.4 billion a year ago.