US Trade Deficit Widens in December

Dollar banknotes

The United States closed 2021 with a wide trade deficit, as imports posted a bigger growth than exports during the period.

Source: US Census Bureau

The international trade deficit climbed by 3.0% to $101.0 billion in December from $98 billion in November. Exports jumped $2.2 billion to $157.3 billion, while imports climbed $5.1 billion to $258.3 billion.

Wholesale inventories for the month stood at $789.4 billion, up 2.1% from November and 18.3% higher than the same month in 2020. The previous month’s growth was revised upward to 1.7% from 1.4%.

Advance retail inventories were estimated at $643.8 billion, up 4.4% from November and 3.8% from December 2020. The previous month’s growth was unrevised from the earlier announced 2.0%.

Revisions were reported in advance wholesale inventories in November at $773.5 billion and advance retail inventories at $616.9. billion.


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