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Economy

“U.S. Trade Gap Swells to Record in 2021 on Surge in Imports”

“…The annual shortfall in goods and services increased for a second straight year, widening 26.9% to $859.1 billion, Commerce Department data showed Tuesday. The December gap grew to $80.7 billion from the prior month. That compares with the median estimate of $83 billion in a Bloomberg survey of economists. The figures aren’t adjusted for prices.

Annual imports climbed 20.5% to $3.39 trillion from 2020, while exports rose 18.5% to $2.53 trillion…”

https://www.msn.com/en-us/money/markets/us-trade-gap-swells-to-record-in-2021-on-surge-in-imports/ar-AATBNTC

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