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December 2022 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 2022 Goods and Services Balance November 2022 Percent Change from Prior Month Larger Increase or Decrease by Percent Change / When it Occurred -67.4 -61.0 10.5 12.8 August 2022 - September 2022 Exports 250.2 252.3 -0.9 -1.6 October 2022 - November 2022 Imports 317.6 313.4 1.3 1.6 August 2022 - September 2022 Goods (BOP Basis) Balance -90.6 -83.2 8.9 18.3 February 2022 - March 2022 Exports 168.1 171.1 -1.7 -2.6 October 2022 - November 2022 Imports 258.8 254.3 1.8 11.0 February 2022 - March 2022 December 2022 November 2022 Dollar Change from Prior Month Goods and Services Balance Larger Increase or Decrease by Dollar Change / When it Occurred -67.4 -61.0 -6.4 -8.4 August 2022 - September 2022 Exports 250.2 252.3 -2.2 -4.2 October 2022 - November 2022 Imports 317.6 313.4 4.2 5.2 August 2022 - September 2022 -90.6 -83.2 -7.4 -19.5 February 2022 - March 2022 Exports 168.1 171.1 -2.9 -4.6 October 2022 - November 2022 Imports 258.8 254.3 4.5 29.3 February 2022 - March 2022 Goods (BOP Basis) Balance * The December services surplus ($23.2 billion) was the highest since December 2019 ($24.6 billion). * December exports of services ($82.0 billion) were the highest on record. Goods (Census Basis, seasonally adjusted) Exports * December exports of automotive vehicles, parts, and engines ($14.5 billion) were the highest on record. Imports * December imports of industrial supplies and materials ($59.6 billion) were the lowest since October 2021 ($58.1 billion). Real Dollar Basis (Chained 2012 Dollars, seasonally adjusted) Exports * December real dollar exports of petroleum ($25.0 billion) were the highest since February 2020 ($26.2 billion). * December real dollar exports of automotive vehicles, parts, and engines ($13.4 billion) were the highest since February 2020 ($13.4 billion). Imports * December real dollar imports of industrial supplies ($58.4 billion) were the lowest since May 2021 ($57.5 billion). Country and Other Highlights (Census Basis, not seasonally adjusted) Balance * The December deficit with Germany ($8.3 billion) was the highest on record. * The December surplus with Netherlands ($4.4 billion) was the highest on record. * The December deficit with Japan ($7.1 billion) was the highest since April 2019 ($7.3 billion). Exports * December exports to the United Kingdom ($7.5 billion) were the highest on record. * December exports to Netherlands ($7.0 billion) were the highest on record. * December exports to Taiwan ($4.3 billion) were the highest on record. Imports * December imports from the United Kingdom ($6.0 billion) were the highest since October 2018 ($6.1 billion). NOTE: Based on the February 7, 2023, U.S. International Trade in Goods and Services, December and Annual 2022 report, released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
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