The fiscal deficit of the United States in its foreign trade of goods and services reached a record figure of US$ 859.1 million in 2021. The amount represents an increase of 27% in relation to what was registered in the previous year (US$ 678, 7 million), according to data published this Tuesday by the Bureau of Economic Analysis (BEA).
In December alone, the deficit increased by 1.8% compared to November and reached US$ 80.7 billion.
In the last year, exports to the United States rose by US$ 394.1 billion and reached US$ 2.528 billion; meanwhile, imports increased by US$576.5 billion, to US$3.387 billion.
For its part, the merchandise trade deficit widened to US$101.4 billion and the services trade surplus rose to US$20.7 billion, the highest level since May.
With all this, the deficit of the North American country represented 3.7% of the Gross Domestic Product (GDP), 0.5% more than in 2020.
Causes of the deficit in the trade balance
According to Bloomberg analysis, the data shows the effects of the second year of the pandemic on the world’s largest economy.
“Increased savings fueled by government stimulus and a stronger dollar prompted homebound Americans to buy more goods and invest in their homes. The result caused a surge in imports that put ports and logistics in difficulty, and depleted inventories.
With information from Efe and Bloomberg.
Source: Larepublica
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