A closer look at the US trade deficit
The US trade deficit has been steadily shrinking since hitting a 5-year peak of $51.35 billion in December of 2011.
But America still imports significantly more than it exports, leaving the total 2012 trade deficit at roughly $730 billion.
Here's an excellent map from Vizual Statistix, showing from which parts of the world the US buys goods, and to which parts it sells.
US 5-year trade deficit graph: