The Trade Deficit increased by $2.3 billion to $40.6 billion in December, against the expected increase to $40.4 billion, from a revised figure of $38.3 billion for November. December exports increased by $2.8 billion to $160.1 billion, offset by imports, which increased by $5.1 billion to $198.5 billion. The Commerce Department provided the December figures of the trade balance of the U.S. relative to selected trading partners, in billions of dollars, with surpluses in Hong Kong ($2.2), Australia ($1.2), Singapore ($1.3) and Egypt ($0.7). Deficits were recorded, in billions of dollars, with China ($20.7), OPEC ($8.3), the European Union ($6.6), Mexico ($4.7), Japan ($5.9), Canada ($3.9), Nigeria ($2.5), Venezuela ($2.0), Ireland ($2.6), Germany ($3.3), Taiwan ($0.6) and Korea ($0.7).
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