The high trade deficit of America to its highest level in more than two years

Data of the US Department of Commerce released today, Wednesday, showed that the United States’ trade balance deficit increased last December to more than two years.
The ministry said that the trade deficit rose to 98.4 billion dollars, compared to 78.9 billion dollars during last November, according to the amended data.
Analysts expected an increase in 96.6 billion dollars, compared to 78.2 billion dollars during the previous month, according to initial data.

High import value

The increase in the trade deficit came with more than expectations to record its highest level since March 2022, when it reached 101.9 billion dollars.
The jump came in the trade deficit with the value of imports increased by 3.5% to 364.9 billion dollars during December, while exports fell by 2.6% to 266.5 billion dollars.
The imports of imports were satisfied as a result of increased supplies and industrial raw materials, including completely made metal works.

The imports of consumer and capitalist goods and services have also increased, while car imports, spare parts and engines declined.
At the same time, the value of American exports decreased due to the decrease in consumer goods exports, supplies, industrial materials, capital goods, cars, other pieces and engines.