U.S. DEFICIT $44.3 BLN
BEA - U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES, December 2016
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $44.3 billion in December, down $1.5 billion from $45.7 billion in November, revised. December exports were $190.7 billion, $5.0 billion more than November exports. December imports were $235.0 billion, $3.6 billion more than November imports.
The December decrease in the goods and services deficit reflected a decrease in the goods deficit of $1.2 billion to $65.7 billion and an increase in the services surplus of $0.3 billion to $21.4 billion.
For 2016, the goods and services deficit increased $1.9 billion, or 0.4 percent, from 2015. Exports decreased $51.7 billion or 2.3 percent. Imports decreased $49.9 billion or 1.8 percent.
The average goods and services deficit increased $2.6 billion to $44.2 billion for the three months ending in December.
* Average exports of goods and services increased $0.4 billion to $187.5 billion in December.
* Average imports of goods and services increased $3.0 billion to $231.7 billion in December.
Year-over-year, the average goods and services deficit increased $2.8 billion from the three months ending in December 2015.
* Average exports of goods and services increased $3.4 billion from December 2015.
* Average imports of goods and services increased $6.2 billion from December 2015.
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