BREAKING: The US goods trade deficit widened by -$17.3 billion in December, reaching -$70.3 billion, the highest deficit since July 2025.

This brings the full-year 2025 deficit to -$901.5 billion, the third-highest on record since 1960.

This occurred amid a -$5.0 billion decrease in exports last month, down to $287.3 billion, the lowest since August.

At the same time, imports surged by +$12.3 billion, reaching $357.6 billion, the highest since March.

After adjusting for inflation, the goods trade deficit expanded to -$97.1 billion in December, the highest since July.

Despite significant volatility, the trade deficit remained almost unchanged over the past year.