2015 exports were down 4.8 percent to $2.2 trillion and imports were down 3.1 percent to $2.8 trillion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce.
This resulted in a goods and services deficit of $531.5 billion in 2015, up 4.6 percent from 2014.The 2015 increase in the goods and services deficit reflected an increase in the goods deficit of 2.4 percent to $758.9 billion and a decrease in the services surplus of 2.4 percent to $227.4 billion.
As a percentage of U.S. gross domestic product, the goods and services deficit was 3 percent in 2015, up from 2.9 percent in 2014.
December exports were $181.5 billion and imports were $224.9 billion. This resulted in a goods and services deficit of $43.4 billion in December, up from $42.2 billion in November. December exports were down $0.5 billion from November, and imports were up $0.6 billion.
The December increase in the goods and services deficit reflected an increase in the goods deficit of $1.3 billion to $62.5 billion and an increase in the services surplus of $0.1 billion to $19.2 billion.
Exports of goods decreased $0.8 billion to $121.2 billion in December, and exports of services increased $0.3 billion to $60.3 billion in December.
Imports of goods increased $0.5 billion to $183.7 billion in December, and imports of services increased $0.1 billion to $41.2 billion in December.
