US Trade Deficit Up 27.0% in 2021 After December Increase

Plenty of cardboard boxes and whiteboard with red positive trend chart. Increasing consumer demand. rate growth of production of goods and products, increasing economic indicators. Trade balance

The United States’ trade deficit widened further in December, bringing the full-year deficit up by double digits.

Source: Bureau of Economic Analysis

December’s trade deficit widened by 1.8% to $80.7 billion, as exports climbed by $3.4 billion from the previous month to $22.8.1 billion while imports climbed by $4.8 billion to $308.9 billion.

The latest trade deficit reflects a $3.2 billion increase in the goods deficit to $101.4 billion and an increase in the services surplus of $1.8 billion to $20.7 billion during the month.

The full-year goods and services deficit jumped by $182.4 billion, or 27.0% higher than the previous year. Exports climbed 18.5% or $394.1 billion, while imports jumped by 20.5% or $576.5 billion.

Upward revisions were recorded in both November exports and imports.


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