The US goods trade deficit widened markedly to $98.5 billion in December 2025, up 19.0% from a revised $82.8 billion shortfall in November and well above market expectations of $86 billion. It marked the largest goods deficit since July. Imports rose 3.8% to $278.6 billion, driven by a 15.9% surge in industrial supplies. Purchases of capital goods increased 5.5%, while automotive vehicle imports climbed 3.9%. Meanwhile, exports fell 3.0% to $180.0 billion, weighed down primarily by a 12.3% drop in industrial supplies shipments. For 2025 as a whole, the US goods trade deficit widened to $1.23 trillion from $1.20 trillion in 2024.