US Trade Deficit Widens In December


December exports of $191.3 billion and imports of $230.0 billion resulted in a goods and services deficit of $38.7 billion, up from $34.6 billion in November, revised. December exports were $3.5 billion less than November exports of $194.8 billion. December imports were $0.6 billion more than November imports of $229.4 billion.

The November to December decrease in exports of goods reflected decreases in industrial supplies and materials ($1.1 billion); capital goods ($1.1 billion); other goods ($0.9 billion); automotive vehicles, parts, and engines ($0.8 billion); and consumer goods ($0.7 billion). An increase occurred in foods, feeds, and beverages ($0.4 billion).

The November to December increase in imports of goods reflected increases in consumer goods($0.7 billion), industrial supplies and materials ($0.5 billion), and other goods ($0.3 billion). Decreases occurred in automotive vehicles, parts, and engines ($0.9 billion); capital goods ($0.3 billion); and foods, feeds, and beverages ($0.1 billion).

The December 2012 to December 2013 increase in exports of goods reflected increases in foods, feeds, and beverages ($1.8 billion); capital goods ($0.4 billion); automotive vehicles, parts, and engines ($0.2 billion); and consumer goods ($0.1 billion).  Decreases occurred in industrial supplies and materials ($1.5 billion) and other goods ($0.9 billion).

The December 2012 to December 2013 increase in imports of goods reflected increases in capital goods ($1.7 billion); automotive vehicles, parts, and engines ($1.3 billion); consumer goods ($1.0 billion); other goods ($0.3 billion); and foods, feeds, and beverages ($0.2 billion). A decrease occurred in industrial supplies and materials ($2.9 billion).

For 2013, exports of $2,272.3 billion and imports of $2,743.9 billion resulted in a goods and services deficit of $471.5 billion, $63.1 billion less than the 2012 deficit of $534.7 billion. For goods, exports were $1,590.4 billion and imports were $2,293.5 billion, resulting in a goods deficit of $703.2 billion, $38.3 billion less than the 2012 deficit of $741.5 billion.  For services, exports were $682.0 billion and imports were $450.3 billion, resulting in a services surplus of $231.6 billion, $24.8 billion more than the 2012 surplus of $206.8 billion.

US Trade Deficit Widens In December


U.S. Census Bureau | anna@tradingeconomics.com
2/6/2014 1:39:04 PM