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U.S. International Trade in Goods and Services, December and Annual 2024
EMBARGOED UNTIL RELEASE AT 8:30 a.m. EST, Wednesday, February 5, 2025
BEA 25–04
CB 25–17
U.S. International Trade in Goods and Services, December and Annual 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $98.4 billion in December, up $19.5 billion from $78.9 billion in November, revised.
U.S. International Trade in Goods and Services Deficit
Deficit: $98.4 Billion +24.7%°
Exports: $266.5 Billion –2.6%°
Imports: $364.9 Billion +3.5%°
Next release: Thursday, March 6, 2025
(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes
Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, February 5, 2025
Goods and Services Trade Deficit: Seasonally adjusted
Exports, Imports, and Balance (exhibit 1)
December exports were $266.5 billion, $7.1 billion less than November exports. December imports were $364.9 billion, $12.4 billion more than November imports.
The December increase in the goods and services deficit reflected an increase in the goods deficit of $18.9 billion to $123.0 billion and a decrease in the services surplus of $0.6 billion to $24.5 billion.
For 2024, the goods and services deficit increased $133.5 billion, or 17.0 percent, from 2023. Exports increased $119.8 billion or 3.9 percent. Imports increased $253.3 billion or 6.6 percent.
{snip}
BEA 25–04
CB 25–17
U.S. International Trade in Goods and Services, December and Annual 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $98.4 billion in December, up $19.5 billion from $78.9 billion in November, revised.
U.S. International Trade in Goods and Services Deficit
Deficit: $98.4 Billion +24.7%°
Exports: $266.5 Billion –2.6%°
Imports: $364.9 Billion +3.5%°
Next release: Thursday, March 6, 2025
(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes
Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, February 5, 2025
Goods and Services Trade Deficit: Seasonally adjusted
Exports, Imports, and Balance (exhibit 1)
December exports were $266.5 billion, $7.1 billion less than November exports. December imports were $364.9 billion, $12.4 billion more than November imports.
The December increase in the goods and services deficit reflected an increase in the goods deficit of $18.9 billion to $123.0 billion and a decrease in the services surplus of $0.6 billion to $24.5 billion.
For 2024, the goods and services deficit increased $133.5 billion, or 17.0 percent, from 2023. Exports increased $119.8 billion or 3.9 percent. Imports increased $253.3 billion or 6.6 percent.
{snip}