The trade gap widened by $6.3 billion in January to $44.4 billion, the Commerce Department said. This follows a $10.1 billion decline in the prior month.
The one-month worsening in the deficit in January is the largest since last March.
An oil tanker pulls into the port of a Repsol oil refinery in Cartagena, eastern Spain February 15, 2012.
The lion’s share of the deterioration in the deficit in January was due to a sharp increase in petroleum imports after two months of decline.
The widening of the deficit was larger than expected. Analysts surveyed by MarketWatch had expected the deficit to widen to $42.4 billion.
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