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of <h1>Merchandise trade: December exports rise 1.9% to $38.5B, imports up 8.7% leaving $25.04B deficit and April-December deficit at $248.32B</h1> December 2025 merchandise exports increased 1.87% to USD 38.5 billion, while merchandise imports rose 8.7% to USD 63.55 billion, producing a month-end trade deficit of USD 25.04 billion (operative effect: a marginal widening of the trade deficit relative to prior month). Cumulatively for April-December 2025, merchandise exports rose 2.44% to USD 330.29 billion and imports grew 5.9% to USD 578.61 billion (operative effect: a nine-month merchandise trade deficit of USD 248.32 billion). Services exports are estimated at USD 35.50 billion in December 2025, down from USD 36.97 billion a year earlier (operative effect: a contraction in services receipts for the month, reducing overall export receipts).
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