Research >> Economics
Goods and Services Deficit Increased in December 2013
The Nation’s international trade deficit in goods and services increased to $38.7 billion in December from $34.6 billion in November (revised), as exports decreased and imports increased.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total 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.
In December, the goods deficit increased $4.6 billion from November to $58.8 billion, and the services surplus increased $0.4 billion from November to $20.1 billion. Exports of goods decreased $4.3 billion to $132.8 billion, and imports of goods increased $0.3 billion to $191.6 billion. Exports of services increased $0.8 billion to $58.5 billion, and imports of services increased $0.3 billion to $38.4 billion.
The goods and services deficit increased $0.4 billion from December 2012 to December 2013. Exports were up $2.6 billion, or 1.4 percent, and imports were up $3.0 billion, or 1.3 percent.
Posted: February 6, 2014 Thursday 08:30 AM