US Trade Deficit Grows in 2022 as Economy Recovers

US Goods and Services Deficit December 2022 – courtesy of Census Bureau

Ken Zino of AutoInformed.com on US Trade Deficit Grows in 2022 as Economy Recovers

Click to enlarge.

Imports

Imports of goods increased $4.5 billion to $258.8 billion in December. Imports of goods on a Census basis increased $4.8 billion.
• Consumer goods increased $4.1 billion.
• Cell phones and other household goods increased $3.5 billion.
• Automotive vehicles, parts, and engines increased $2.9 billion.
• Passenger cars increased $1.6 billion.
• Other automotive parts and accessories increased $0.7 billion.
• Industrial supplies and materials decreased $2.7 billion.
• Fuel oil decreased $0.8 billion.
• Organic chemicals decreased $0.8 billion.
• Net balance of payments adjustments decreased $0.3 billion. Imports of services decreased $0.3 billion to $58.8 billion in December.
• Travel decreased $0.5 billion.
• Transport decreased $0.1 billion.
• Charges for the use of intellectual property increased $0.2 billion.

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