Market Updates
December Trade Deficit Up; 2009 Deficit Drops
123jump.com Staff
10 Feb, 2010
New York City
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U.S. goods and services deficit increased in December to $40.2 billion from $36.4 billion in November. 2009 deficit dropped to $380.7 billion from $695.9 billion a year ago.
[R]10:15 AM New York – U.S. goods and services deficit increased in December to $40.2 billion from $36.4 billion in November. 2009 deficit dropped to $380.7 billion from $695.9 billion a year ago.[/R]
2009 Trade Deficit Declines
Trade deficit in December increased to $40.2 billion from $36.4 billion in November on exports slightly up to $138.1 billion and imports edged to $174.5 billion. The goods deficit decreased to $51.8 billion and service surplus increased to $40.2 billion.
December exports were $4.6 billion more than November exports of $138.1 billion. December imports were $8.4 billion more than November imports of $174.5 billion.
For the three months to December the average monthly trade deficit was $35.1 billion reflecting average export of $136.1 billion and average imports of $171.2 billion.
The goods and service deficit in 2009 decreased to $380.7 billion from $695.9 billion in 2008 and as a percentage of U.S. gross domestic product the deficit decreased to 2.7% from 4.8% in 2008.
In 2009, total goods and service exports increased to $1,553 trillion and imports surged to $1,933 trillion. The goods deficit was $517 billion and service surplus was $136.3 billion.
Annual Returns
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Earnings
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