The U.S. registered a record trade deficit in goods of $101.0 billion in December, according to the U.S. Census Bureau. Economists expected the goods trade deficit to be around $95 billion. November’s deficit was revised to $98.0 billion from the prior reported $97.8 billion. U.S. goods exports in December increased to $157.3 billion, up $2.2 billion (2%) from November. U.S. goods imports increased to $258.3 billion, up $5.1 billion (1.4%) from November.
The December foods, feed and beverage area had a deficit of $2 billion, compared to $1.7 billion in November. December foods, feeds and beverage exports totaled $13.7 billion, down $1.1 billion (7.8%) from November. December imports for the category dropped to $15.7 billion, down $765,000 (4.6%) from the previous month.
