The $2 Trillion in Goods the US Exported in 2023: Led by Energy Products, Capital Goods, Pharmaceuticals, and Automotive

The huge US trade deficit improved – or got less horrible, we might say – by 19% in 2023, with exports of goods and services rising to $3.05 trillion, and with imports of goods and services falling sharply to $3.83 trillion, producing the least horrible trade deficit since 2020, of $773 billion.