U.S. Trade Deficit Narrows in December


Total December exports of $186.4 billion and imports of $224.9 billion resulted in a goods and services deficit of $38.5 billion, down from $48.6 billion in November, revised. December exports were $3.9 billion more than November exports of $182.5 billion. December imports were $6.2 billion less than November imports of $231.1 billion.

The December 2011 to December 2012 increase in exports of goods reflected increases in  capital goods  ($1.4 billion); industrial supplies and materials ($1.2 billion);  other goods ($0.8 billion);  foods, feeds, and beverages  ($0.5 billion); consumer goods ($0.3 billion); and automotive vehicles, parts, and engines ($0.2 billion). 

The December 2011 to December 2012 decrease in imports of goods reflected decreases in industrial supplies and materials ($7.7 billion) and  other goods  ($0.2 billion). Increases occurred in  consumer goods  ($1.9 billion); automotive vehicles, parts, and engines ($1.3 billion); capital goods  ($0.4 billion); and  foods, feeds, and beverages  ($0.1 billion).  
 
For 2012, exports of $2,195.9 billion and imports of $2,736.3 billion resulted in a goods and services deficit of $540.4 billion, $19.5 billion less than the 2011 deficit of $559.9 billion.  For goods, exports were $1,563.6 billion and imports were $2,299.3 billion, resulting in a goods deficit of $735.7 billion, $2.7 billion less than the 2011 deficit of $738.4 billion.  For services, exports were $632.3 billion and imports were $437.0 billion, resulting in a services surplus of $195.3 billion, $16.8 billion more than the 2011 surplus of $178.5 billion. 

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2/8/2013 3:05:28 PM