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December 2020 Press Highlights All values in billions of dollars. Goods and services monthly BOP series began with January 1992 statistics. Goods and Services (BOP Basis, seasonally adjusted) December 2020 Goods and Services Balance November 2020 Percent Change from Prior Month Larger Increase or Decrease by Percent Change / When it Occurred -66.6 -69.0 -3.5 -4.3 Exports 190.0 183.8 3.4 7.9 August 2020 - September 2020 June 2020 - July 2020 Imports 256.6 252.8 1.5 2.9 October 2020 - November 2020 Goods (BOP Basis) Balance -84.2 -87.0 -3.3 -3.7 August 2020 - September 2020 Exports 133.5 127.5 4.7 12.1 June 2020 - July 2020 Imports 217.7 214.5 1.5 3.0 October 2020 - November 2020 December 2020 November 2020 Dollar Change from Prior Month -66.6 -69.0 2.4 2.8 Exports 190.0 183.8 6.2 12.4 June 2020 - July 2020 Imports 256.6 252.8 3.8 7.2 October 2020 - November 2020 -84.2 -87.0 2.8 3.1 August 2020 - September 2020 133.5 127.5 6.0 12.5 June 2020 - July 2020 Goods and Services Balance Goods (BOP Basis) Balance Exports Larger Increase or Decrease by Dollar Change / When it Occurred August 2020 - September 2020 Imports 217.7 214.5 3.1 6.3 October 2020 - November 2020 * December imports of goods and services ($256.6 billion) were the highest since December 2019 ($257.2 billion). * December imports of goods ($217.7 billion) were the highest since October 2018 ($218.9 billion). * The December services surplus ($17.5 billion) was the lowest since August 2012 ($17.1 billion). Goods (Census Basis, seasonally adjusted) Exports * December exports of foods, feeds, and beverages ($14.5 billion) were the highest on record. * December exports of consumer goods ($16.7 billion) were the highest since November 2019 ($16.8 billion). Imports * December imports of goods ($216.4 billion) were the highest since October 2018 ($217.2 billion). * December imports of capital goods ($58.9 billion) were the highest since December 2018 ($59.2 billion). * December imports of automotive vehicles, parts, and engines ($33.1 billion) were the highest on record. * December non-petroleum imports ($205.9 billion) were the highest on record. Real Dollar Basis (Chained 2012 Dollars, seasonally adjusted) * December real dollar imports of goods ($243.2 billion) were the highest on record. Country and Other Highlights (Census Basis, not seasonally adjusted) Imports * December imports from South Korea ($7.3 billion) were the highest on record. * December imports from Taiwan ($5.7 billion) were the highest on record. NOTE: Based on the February 5, 2021, U.S. International Trade in Goods and Services, December 2020 report, released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.