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U.S. trade deficit narrowed in 2023 as services exports jumped

February 7, 2024 at 6:41 PM
The U.S. trade deficit narrowed in 2023 by the largest margin since 2009, according to government data released on Wednesday, reflecting significant growth in services exports spurred by shifting consumer demand. The U.S. goods and services deficit fell by almost 19 percent in 2023, according to the U.S. Census Bureau report for December , as exports climbed by $35 billion, or 1.2 percent, and imports contracted by more than $142 billion, 3.6 percent. December’s report shows both the monthly data...


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