Skip to main content
Canada’s most-awarded newsroom for a reason
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
Canada’s most-awarded newsroom for a reason
$1.99
per week
for 24 weeks
// //

Container and cargo ships sit anchored in San Francisco Bay in this file photo.

ERIC RISBERG/The Associated Press

The U.S. trade deficit narrowed in January from a more than two-year high after port disputes on the West Coast restrained imports and a strengthening dollar slowed overseas demand.

The gap declined to $41.8-billion in January from a revised $45.6-billion the month before, the Commerce Department reported Friday in Washington. The median forecast in a Bloomberg survey of economists called for a $41.1-billion deficit.

The data reflected a labor dispute at West Coast ports that skewed both imports and exports, disrupting supply chains for U.S. companies. Imports fell by 3.9 per cent, today's figures showed, while exports dropped by 2.9 per cent.

Story continues below advertisement

The distortion in the January data is "not representative of the future trend," David Sloan, senior economist at 4Cast Inc. in New York, said before the report. "The U.S. is increasingly becoming the main global motor of growth, though we may lose a little momentum later into the year, particularly if the Fed starts tightening."

Report an error
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies