Skip to content

Trade Deficit Decreased in 2012

Fri Feb 08 2013
Lam Nguyen, Kevin Yang
Component ID: #ti1174930188

The Nation’s international trade deficit in goods and services decreased to $540.4 billion in 2012 from $559.9 billion in 2011.  Exports increased $92.6 billion to $2,195.9 billion in 2012, with increases of $33.7 billion occurred in capital goods and $12.9 billion in automotive vehicles, parts, and engines. Imports increased $73.0 billion to $2,736.3 billion in 2012, contributed by the increase of $43.1 billion in automotive vehicles, parts, and engines and $37.5 billion in capital goods.

Component ID: #ti2108823654

December Goods and Services Deficit Lowest Since January 2010

For December 2012, the trade deficit decreased to $38.5 billion from $48.6 billion in November (revised).  Exports increased $3.9 billion to $186.4 billion, primarily due to the increase of $3.8 billion in industrial supplies and materials. Meanwhile, imports decreased $6.2 billion to $224.9 billion, largely due to the $4.2 billion decrease in industrial supplies and materials and $0.9 billion decrease in automotive vehicles, parts, and engines.

Component ID: #ti2108823653

For more information, please visit

Component ID: #ti2108823650

Automotive Imports Rebound

December’s annual totals for the top 5 countries importing automobiles (NAICS 3361). 2012 was a record high of automotive imports with $167 billion, an increase of 19% from 2011.  Automotive imports have bounced back from the recession of 2009. Within the top 5 countries, Germany had the largest percentage increase of 106% when compared to 2009 and an increase of 20% compared to 2011. Japan, which had the largest decrease of 42% from 2008 to 2009 among the top 5, improved 58% from 2009 to 2012 and improved 26% from 2011 to 2012.

Component ID: #ti2108823648

To see more data on this, please visit our Graph of the Month page.

  Is this page helpful?
Thumbs Up Image Yes    Thumbs Down Image No
No, thanks
255 characters remaining
Thank you for your feedback.
Comments or suggestions?