Key Points The U.S. goods trade deficit ballooned to $1.19 trillion in 2022, an increase of 9% from the previous year. This is a U.S. and world record. Imports of electronic goods, machinery & appliances, and vehicles account for more than half of the trade deficit. While China continues to be the leading source of … Continue reading Record U.S. Goods Trade Deficit in 2022 As Electronics, Vietnam Imports Rise