The December 2012 international trade deficit decreased 20.7 percent from November, to $38.5 billion. Exports rose 2.1 percent, to $186.4 billion, and imports fell 2.7 percent, to $224.9 billion. Overall, in 2012, the trade deficit declined 3.5 percent to $540.4 billion. Exports rose 4.4 percent, to $2,195.9 billion, and imports increased 2.7 percent, to $2,736.3 billion.
U.S. Trade Balance is a monthly report, with revisions, released by the Economics & Statistics Administration, U.S. Department of Commerce, from data co-gathered by the Census Bureau and Bureau of Economic Analysis of the difference between the dollar value of exports and imports. Foreign trade is an important component of aggregate economic activity, representing a significant portion of gross domestic product.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc. – an institutional investor and state-registered investment adviser. Bryant provides independent, fee-only, financial planning services for individual investors. Since 1999, Chris has devoted himself to helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris by E-mail or call 1-800-980-3048 toll free.
Chris Bryant is an American financial advisor.