The 2020 Mid-Year Economic Update_long

Goods and Services Deficit Down in December

For the full year, the goods and services deficit increased $101.9 billion, or 17.7%, from 2019.
goods and services deficit December 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis on Friday announced that the goods and services deficit was $66.6 billion in December, down $2.4 billion from $69 billion in November, revised.

December exports were $190 billion, $6.2 billion more than November exports. November imports were $256.6 billion, $3.8 billion more than November imports.

The December decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.8 billion to $84.2 billion and a decrease in the services surplus of $0.4 billion to $17.5 billion.

For 2020, the goods and services deficit increased $101.9 billion, or 17.7%, from 2019. Exports decreased $396.4 billion or 15.7%. Imports decreased $294.5 billion or 9.5%.

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