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Tags: us trade deficit rises to 859.1 billion

US Trade Deficit Rises to $859.1 Billion in 2021, Largest on Record

cargo ship
A cargo ship moves under the Bayonne Bridge as it heads into port in Bayonne, New Jersey. (Getty Images)

Tuesday, 08 February 2022 11:00 AM EST

The U.S. trade deficit increased in December as imports surged amid the restocking of shelves by businesses, culminating in the largest shortfall on record in 2021.

The Commerce Department said on Tuesday that the trade deficit rose 1.8% to $80.7 billion in December. Data for November was revised lower to show a $79.3 billion gap instead of the previously reported $80.2 billion. Economists polled by Reuters had forecast a $83.0 billion deficit.

The deficit jumped 27.0% to $859.1 billion in 2021. That was the highest on record and followed a $676.7 billion shortfall in 2020.

© 2023 Thomson/Reuters. All rights reserved.

StreetTalk
The U.S. trade deficit increased in December as imports surged amid the restocking of shelves by businesses, culminating in the largest shortfall on record in 2021.
us trade deficit rises to 859.1 billion
95
2022-00-08
Tuesday, 08 February 2022 11:00 AM
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