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The trade deficit of United States it expanded by 12,2 percent during 2022, mainly due to the increase in imports of cars and consumer goods. This is indicated by data published today by the Commerce Department, which see the trade deficit rise to 67,4 billion dollars in December, up sharply from 61 billion dollars in November and up 10,5 percent compared to the same period of the previous year. For all of 2022, the trade deficit stood at a record high of $948,1 billion. Imports grew by 1,3 percent month-on-month in December, while exports fell by 0,9 percent over the same period. There global demand of industrial products and consumer goods made in the USA decreased in the last month of 2022, when instead US citizens increased the purchase of foreign products such as smartphones and cars.
These data are in line with those recorded by China, where exports fell by 9,9 percent in December compared to the previous year. In Europe, too, trade appeared to be suffering at the end of last year, in response to a general decline in domestic and foreign demand. German imports they fell by 6,1 percent in December compared to November, while exports lost 6,3 percentage points. In France, imports in the fourth quarter of 2022 were 1,9 percent lower than in the previous period, while exports decreased by 0,3 percentage points.
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