February 5, 2020
The U.S. monthly international trade deficit increased in December 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.7 billion in November (revised) to $48.9 billion in December, as imports increased more than exports. The previously published November deficit was $43.1 billion. The goods deficit increased $5.1 billion in December to $69.7 billion. The services surplus decreased $0.1 billion in December to $20.8 billion.
Exports
Exports of goods and services increased $1.6 billion, or 0.8 percent, in December to $209.6 billion. Exports of goods increased $1.3 billion and exports of services increased $0.3 billion.
Exports of goods and services increased $1.6 billion, or 0.8 percent, in December to $209.6 billion. Exports of goods increased $1.3 billion and exports of services increased $0.3 billion.
- The increase in exports of goods reflected increases in industrial supplies and materials ($1.7 billion) and in other goods ($1.0 billion). A decrease in automotive vehicles, parts, and engines ($1.0 billion) partly offset the increases.
- The increase in exports of services reflected increases in travel ($0.2 billion) and in other business services ($0.1 billion).
Imports
Imports of goods and services increased $6.8 billion, or 2.7 percent, in December to $258.5 billion. Imports of goods increased $6.4 billion and imports of services increased $0.4 billion.
Imports of goods and services increased $6.8 billion, or 2.7 percent, in December to $258.5 billion. Imports of goods increased $6.4 billion and imports of services increased $0.4 billion.
- The increase in imports of goods reflected increases in industrial supplies and materials ($4.0 billion) and in other goods ($1.2 billion).
- The increase in imports of services reflected increases in travel ($0.2 billion) and in transport ($0.1 billion).
For more information, read the full report.