21/02/2026
Month-on-month movements drove much of December’s widening, with exports declining 3% MoM and imports rising 4% MoM (seasonally adjusted). For the full year 2025, the U.S. goods trade deficit stood at $1.23tn, up 2.1% from 2024, as imports rose $149.3bn (4.6%), outpacing the $123.5bn (6%) increase in exports.
Across key partners, exports to China declined for a twelfth consecutive month, while China’s share of total U.S. imports fell to 7.5% from 13.2% a year earlier. In contrast, trade with Taiwan strengthened sharply, with imports rising over 144% YoY, alongside the pickup in U.S.–India trade flows.