US Trade Deficit Narrows in November


The US trade gap decreased to $42.4 billion in November of 2015 from an upwardly revised $44.6 billion deficit in October, lower than market expectations. Imports fell 1.7 percent to a 9-month low, dragged down by a strong dollar and lower inventories, while exports decreased 0.9 percent to the lowest since January of 2012.

The decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.3 billion to $61.3 billion and a decrease in the services surplus of $0.1 billion to $18.9 billion.

Total exports shrank 0.9 percent to $182.2 billion. Exports of goods decreased $1.4 billion to $122.2 billion: other goods dropped $0.7 billion; industrial supplies and materials decreased $0.7 billion; nonmonetary gold decreased $0.5 billion; consumer goods decreased $0.6 billion; cell phones and other household goods decreased $0.3 billion. Exports of services decreased $0.1 billion to $60.0 billion: transport, which includes freight and port services and passenger fares, decreased $0.1 billion; government goods and services decreased $0.1 billion; other business services, which includes research and development services; professional and management services; and technical, trade-related, and other services, increased $0.1 billion.

Total imports decreased 1.7 percent to $224.6 billion. Imports of goods decreased $3.7 billion to $183.5 billion: consumer goods decreased $3.0 billion; cell phones and other household goods decreased $1.8 billion; pharmaceutical preparations decreased $0.6 billion; capital goods decreased $0.6 billion; computers decreased $0.3 billion. Imports of services decreased $0.1 billion, mainly due to travel (for all purposes including education).

Year-to-date, the goods and services deficit increased $25.2 billion, or 5.5 percent, from the same period in 2014. Exports decreased $99.0 billion or 4.6 percent. Imports decreased $73.7 billion or 2.8 percent.

US Trade Deficit Narrows in November


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
1/6/2016 2:17:56 PM