2/5, 2:33 PM (Source: TeleTrader)
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US trade deficit down to $66.6B in December

The United States international trade deficit stood at $66.6 billion in December 2020, down $2.4 billion from the previous month, according to the US Census Bureau's preliminary report published on Friday.

Exports in December 2020 were 3.4% up month-on-month and stood at $190 billion. Imports increased by 1.5% from November 2020 to $256.6 billion recorded in December same year.

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 by $396.4 billion or 15.7%. Imports decreased $294.5 billion or 9.5%.

Breaking the News / TF