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February 08, 2022US TRADE BALANCE, DECEMBER AND ANNUAL 2021 Month over month (Dec-21 vs. Nov-21)
The US net trade deficit widened by $1.4 billion to $80.7 billion. The net goods deficit widened by $3.2 billion to $101.4 billion and the net services surplus widened by $1.8 billion to $20.7 billion.
Total exports increased 1.5% (+$3.4 billion) to $228.1 billion. Exports of goods increased 1.3% (+$2.0 billion) to $158.3 billion. Exports of services increased 2.0% (+$1.4 billion) to $69.9 billion.
Total imports increased 1.6% (+$4.8 billion) to $308.9 billion. Imports of goods increased 2.0% (+$5.2 billion) to $259.7 billion. Imports of services decreased 0.7% (-$0.4 billion) to $49.2 billion.
Year over year (Dec 2021 vs. Dec 2020)
The US net trade deficit widened by $14.9 billion. The net goods deficit widened by $16.7 billion and the net services surplus widened by $1.7 billion.
Total exports increased 19.5% (+$37.3 billion). Exports of goods increased 20.4% (+$26.8 billion). Exports of services increased 17.7% (+$10.5 billion).
Total imports increased 20.3% (+$52.2 billion). Imports of goods increased 20.1% (+$43.4 billion). Imports of services increased 21.7% (+$8.8 billion).
ANNUAL (2021 vs 2020)
The US net trade deficit widened by $182.4 billion to $859.1 billion.
Total exports increased 18.5% (+$394.1 billion). Exports of goods increased 23.3% (+$333.2 billion). Exports of services increased 8.6% (+$60.9 billion).
Total imports increased 20.5% (+$576.5 billion). Imports of goods increased 21.3% (+$501.8 billion). Imports of services increased 16.2% (+$74.7 billion).
REFERENCES
U.S. Census Bureau and U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis;
Press release Data
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