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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $59.8 billion in December, up $9.5 billion from $50.3 billion in November, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce.
December exports were $205.1 billion, $3.9 billion less than November exports. December imports were $264.9 billion, $5.5 billion more than November imports.
The December increase in the goods and services deficit reflected an increase in the goods deficit of $9.0 billion to $81.5 billion and a decrease in the services surplus of $0.5 billion to $21.8 billion.
For 2018, the goods and services deficit increased $68.8 billion, or 12.5%, from 2017. Exports increased $148.9 billion or 6.3%. Imports increased $217.7 billion or 7.5%.
Exports of goods decreased $3.9 billion to $135.6 billion in December while exports of services decreased less than $0.1 billion to $69.5 billion.
Imports of goods increased $5.1 billion to $217.2 billion in December while imports of services increased $0.5 billion to $47.7 billion.
The real goods deficit increased $10 billion to $91.6 billion in December.