Does the data in this document indicate which THREE countries and/or regions that the U.S. had the highest trade deficits with? Explain your determination.

FOR RELEASE AT 8:30 AM EST, TUESDAY, FEBRUARY 7, 2023 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES, DECEMBER AND ANNUAL 2022 Release Number: CB 23-17, BEA 23-05 FEBRUARY 7, 2023 - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in December, up $6.4 billion from $61.0 billion in November, revised. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES DEFICIT Billion $ Goods and Services Trade Deficit Seasonally adjusted 115 Monthly deficit 105 95 Deficit: $67.4 Billion +10.5% 85 Exports: $250.2 Billion -0.9% 75 Imports: $317.6 Billion +1.3% Three-month moving average 65 Next release: Wednesday, March 8, 2023 (*) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, February 7, 2023. December 2020 U.S. Bureau of Economic Analysis U.S. Census Bureau 55 0 December 2021 December 2022 U.S. International Trade in Goods and Services February 7, 2023 Exports, Imports, and Balance (Exhibit 1) December exports were $250.2 billion, $2.2 billion less than November exports. December imports were $317.6 billion, $4.2 billion more than November imports. The December increase in the goods and services deficit reflected an increase in the goods deficit of $7.4 billion to $90.6 billion and an increase in the services surplus of $1.0 billion to $23.2 billion. For 2022, the goods and services deficit increased $103.0 billion, or 12.2 percent, from 2021. Exports increased $453.1 billion or 17.7 percent. Imports increased $556.1 billion or 16.3 percent. Three-Month Moving Averages (Exhibit 2) The average goods and services deficit decreased $2.1 billion to $68.6 billion for the three months ending in December. Average exports decreased $2.6 billion to $253.0 billion in December. Average imports decreased $4.7 billion to $321.6 billion in December. Goods Data Inquiries U.S. Census Bureau Economic Indicators Division, International Trade 301-763-2311 eid.international.trade.data@census.gov Goods Media Inquiries U.S. Census Bureau Public Information Office 301-763-3030 pio@census.gov Services Data and Media Inquiries U.S. Bureau of Economic Analysis Balance of Payments Division Data: 301-278-9559 Media: 301-278-9003 InternationalAccounts@bea.gov United States Census Bureau U.S. Department of Commerce U.S. CENSUS BUREAU census.gov bea Bureau of Economic Analysis U.S. DEPARTMENT OF COMMERCE