Official Publication Edition · GDP
Source-grounded publication
Net balance of payments adjustments decreased $0.8 billion.
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.
Source
U.S. International Trade in Goods and Services, December and Annual 2024
Sections
Publication sections
Key evidence
The source directly compares reported values for the stated scope: Imports of goods increased $11.4 billion to $293.1 billion in December. The source directly compares reported values for the stated scope: Imports of services increased $1.0 billion to $71.8 billion in December. The source reports an amount on a billion scale for the stated scope: Exports increased $119.8 billion or 3.9 percent.
The source reports an amount on a billion scale for the stated scope: Year-over-year, the average goods and services deficit increased $19.2 billion from the three months ending in December 2023. The source reports an amount on a billion scale for the stated scope: For 2024, the goods and services deficit increased $133.5 billion, or 17.0 percent, from 2023. The source directly compares reported values for the stated scope: The average goods and services deficit increased $4.7 billion to $83.8 billion for the three months ending in December.
The source directly compares reported values for the stated scope: 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. The source directly compares reported values for the stated scope: Exports of goods decreased $7.5 billion to $170.2 billion in December. The source directly compares reported values for the stated scope: Exports of services increased $0.4 billion to $96.3 billion in December.
The source directly compares reported values for the stated scope: The real goods deficit increased $14.9 billion, or 15.4 percent, to $111.9 billion in December, compared to a 17.3 percent increase in the nominal deficit. The source reports an amount on a billion scale for the stated scope: Imports increased $253.3 billion or 6.6 percent. The source directly compares reported values for the stated scope: December imports were $364.9 billion, $12.4 billion more than November imports.
The source reports an amount on a billion scale for the stated scope: Exports of goods on a Census basis decreased $6.7 billion.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| Net balance of payments adjustments decreased $0.8 billion. | 0.8 | billion | — |
| Exports increased $119.8 billion or 3.9 percent. | 119.8 | billion | — |
| Year-over-year, the average goods and services deficit increased $19.2 billion from the three months ending in December 2023. | 19.2 | billion | — |
| For 2024, the goods and services deficit increased $133.5 billion, or 17.0 percent, from 2023. | 133.5 | billion | — |
| Imports increased $253.3 billion or 6.6 percent. | 253.3 | billion | — |
| Exports of goods on a Census basis decreased $6.7 billion. | 6.7 | billion | — |
| Imports of goods on a Census basis increased $11.3 billion. | 11.3 | billion | — |
| Net balance of payments adjustments increased $0.1 billion. | 0.1 | billion | — |
Source and methodology
Source: the retained official publication. Method: normalized statements from section generic-text presented as reported, without recomputation.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none