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2026-02-19 21:46:55
[US Trade Deficit Widens to $70.3 Billion in December, 2025 Deficit to Decrease Slightly] ⑴ Data released Thursday by the US Bureau of Economic Analysis and the Census Bureau showed that the trade deficit in goods and services in December was $70.3 billion, an increase of $17.3 billion, or 32.6%, from the revised $53 billion in November. The goods deficit widened by $15.7 billion to $99.3 billion, while the services surplus decreased by $1.6 billion to $29 billion. ⑵ December exports totaled $287.3 billion, down 1.7% month-over-month; imports totaled $357.6 billion, up 3.6% month-over-month. Goods exports decreased by $5.5 billion, mainly dragged down by industrial goods and materials ($-$8.7 billion) and non-monetary gold ($-$7.1 billion); goods imports increased by $10.2 billion, led by capital goods ($+$5.6 billion) and industrial goods ($+$7 billion). (3) In 2025, the U.S. trade deficit in goods and services will be $901.5 billion, a decrease of $2.1 billion from $903.5 billion in 2024, representing a decline of 0.2%. Exports will increase by $199.8 billion (+6.2%) to $3,432.3 billion, while imports will increase by $197.8 billion (+4.8%) to $4,333.8 billion. The goods deficit will widen by $25.5 billion to $1,240.9 billion, while the services surplus will widen by $27.6 billion to $339.5 billion.
