Goods & Services Deficit Widened by $2.7 Billion in December

Washington, DC, February 27, 2018-The goods and services deficit was $53.1 billion in December, up $2.7 billion from $50.4 billion in November, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced.

December exports were $203.4 billion, $3.5 billion more than November exports. December imports were $256.5 billion, $6.2 billion more than November imports.

The December increase in the goods and services deficit reflected an increase in the goods deficit of $2.6 billion to $73.3 billion and a decrease in the services surplus of $0.1 billion to $20.2 billion.

For 2017, the goods and services deficit increased $61.2 billion, or 12.1%, from 2016. Exports increased $121.2 billion or 5.5%. Imports increased $182.5 billion or 6.7%.