Overseas Merchandise Trade: January 2013

For January 2013 compared with January 2012:

• Exports were down $378 million (10 percent) to $3.3 billion.
• Milk powder, butter, and cheese decreased the most. 
• Imports fell $234 million (6.0 percent) to $3.7 billion.
• There was a trade deficit of $305 million (9.1 percent of exports). 
• The trend for exports appears to have been declining in recent months. 
• The trend for imports has been falling since July 2012.