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The U.S. trade deficit for goods and services fell slightly from $560.0 billion in 2011 to $540.0 billion in 2012 on a balance-of-payments basis. The deficit on goods fell from $738.4 billion in 2011 to $735.3 billion in 2012, well below the $835.7 billion record set in 2006. At the same time, the U.S. surplus on services rose from $178.5 billion in 2011 to a new record of $195.8 billion in
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The Year in Trade 2012: Operation of the Trade Agreements Program
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