U.S. Trade Deficit Widens in December


Total December exports of $178.8 billion and imports of $227.6 billion resulted in a goods and services deficit of $48.8 billion, up from $47.1 billion in November, revised.

December exports were $1.2 billion more than November exports of $177.5 billion. December imports were $3.0 billion more than November imports of $224.6 billion.

In December, the goods deficit increased $1.8 billion from November to $64.3 billion, and the services surplus was virtually unchanged from November at $15.5 billion. Exports of goods increased $0.9 billion to $127.1 billion, and imports of goods increased $2.7 billion to $191.4 billion. Exports of services increased $0.3 billion to $51.7 billion, and imports of services increased $0.3 billion to $36.2 billion.


The November to December increase in exports of goods reflected increases in industrial supplies and materials ($1.0 billion); automotive vehicles, parts, and engines ($0.7 billion); other goods ($0.3 billion); and foods, feeds, and beverages ($0.2 billion). Decreases occurred in consumer goods ($1.0 billion) and capital goods ($0.2 billion).

The November to December increase in imports of goods reflected increases in capital goods ($1.0 billion); consumer goods ($0.9 billion); automotive vehicles, parts, and engines
($0.5 billion); and industrial supplies and materials ($0.3 billion). A decrease occurred in foods, feeds, and beverages ($0.1 billion). Other goods were virtually unchanged.

 


TradingEconomics.com, U.S. Department of Commerce
2/10/2012 1:38:25 PM