Trade Deficit Widened by $6.4B in December

Washington, DC, February 7, 2023-The goods and services deficit was $67.4 billion in December, up $6.4 billion from $61.0 billion in November, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

December exports were $250.2 billion, $2.2 billion less than November exports. December imports were $317.6 billion, $4.2 billion more than November imports.

The December increase in the goods and services deficit reflected an increase in the goods deficit of $7.4 billion to $90.6 billion and an increase in the services surplus of $1.0 billion to $23.2 billion.

For 2022, the goods and services deficit increased $103.0 billion, or 12.2 percent, from 2021. Exports increased $453.1 billion or 17.7%. Imports increased $556.1 billion or 16.3%.