Research >> Economics
Goods and Services Deficit Increased in December 2010
The Nation's international trade deficit in goods and services increased to $497.8 billion in 2010 from $374.9 billion in 2009.
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 $163.0 billion and imports of $203.5 billion resulted in a goods and services deficit of $40.6 billion, up from $38.3 billion in November, revised. December exports were $2.8 billion more than November exports of $160.1 billion. December imports were $5.1 billion more than November imports of $198.5 billion.
In December, the goods deficit increased $2.3 billion from November to $53.6 billion, and the services surplus was virtually unchanged at $13.0 billion. Exports of goods increased $2.8 billion to $116.6 billion, and imports of goods increased $5.1 billion to $170.1 billion. Exports of services were virtually unchanged at $46.4 billion, and imports of services were virtually unchanged at $33.4 billion.
The goods and services deficit increased $3.5 billion from December 2009 to December 2010. Exports were up $19.6 billion, or 13.7 percent, and imports were up $23.1 billion, or 12.8 percent.
Posted: February 11, 2011 Friday 08:30 AM