The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced that total December exports of $111.5 billion and imports of $177.2 billion resulted in a goods and services deficit of $65.7 billion, $1.0 billion more than the $64.7 billion in November, revised.
December exports were $2.3 billion more than November exports of $109.2 billion. December imports were $3.3 billion more than November imports of $173.9 billion.
In December, the goods deficit increased $1.2 billion from November to $70.6 billion, and the services surplus increased $0.3 billion to $4.9 billion.
Exports of goods increased $1.9 billion to $79.0 billion, and imports of goods increased $3.1 billion to $149.6 billion. Exports of services increased $0.5 billion to $32.5 billion, and imports of services increased $0.2 billion to $27.6 billion.
For 2005, exports of goods were up $85.0 billion from 2004. Increases occurred in capital goods ($30.4 billion); industrial supplies and materials ($27.8 billion); consumer goods ($12.4 billion); automotive vehicles, parts, and engines ($8.5 billion); other goods ($4.2 billion); and foods, feeds, and beverages ($2.2 billion).
For 2005, imports of goods were up $201.7 billion from 2004.
Increases occurred in industrial supplies and materials ($107.9 billion); capital goods ($36.1 billion); consumer goods ($34.1 billion); automotive vehicles, parts, and engines ($11.7 billion); foods, feeds, and beverages ($6.0 billion); and other goods ($5.5 billion).
marketing@alchempro.com
