United States Trade Deficit Widens in November

The Department of Commerce announced today that total November exports of $182.6 billion and imports of $231.3 billion resulted in a goods and services deficit of $48.7 billion, up from $42.1 billion in October, revised. November exports were $1.7 billion more than October exports of $180.8 billion. November imports were $8.4 billion more than October imports of $222.9 billion.

In November, the goods deficit increased $6.6 billion from October to $65.7 billion, and the services surplus was virtually unchanged from October at $17.0 billion.  Exports of goods increased $1.6 billion to $129.3 billion, and imports of goods increased $8.2 billion to $195.0 billion. Exports of services increased $0.1 billion to $53.2 billion, and imports of services increased $0.2 billion to $36.3 billion.

The goods and services deficit decreased $0.1 billion from November 2011 to November 2012.  Exports were up $5.8 billion, or 3.3 percent, and imports were up $5.7 billion, or 2.5 percent.

Department of Commerce | Nuno Fontes | nuno@tradingeconomics.com
1/11/2013 1:39:32 PM