US Exports Rise to 2nd Highest on Record

US exports of goods and services fell by $10.9 billion, or 3.6%, to $292.1 billion in November 2025, retreating from the all-time high of $303.0 billion recorded in October. Goods exports dropped $11.1 billion to $185.6 billion, led by a $6.1 billion fall in industrial supplies and materials, particularly nonmonetary gold, other precious metals, and crude oil. Exports of consumer goods also decreased by $3.1 billion, largely due to weaker pharmaceutical shipments, while other goods exports fell by $1.3 billion. By contrast, services exports edged up $0.2 billion to $106.4 billion, supported by travel, charges for the use of intellectual property, and other business services, although government goods and services and financial services declined.

US exports of goods and services rose 2.6% to $302 billion in October 2025, the highest value on record. Goods exports increased by $7.1 billion to $195.9 billion, driven largely by a $6.8 billion increase in nonmonetary gold and a $3.6 billion increase in Other precious metals, while exports of pharmaceutical preparations fell by $0.9 billion. Services exports increased by $0.7 billion to $106.1 billion in October. Travel services rose by $0.4 billion, charges for the use of intellectual property went up by $0.2 billion, and other business services increased $0.2 billion.

US exports of goods and services rose 3% to $289.3 billion in September 2025, the second highest value on record. Goods exports increased by $8.8 billion to $187.6 billion, driven largely by a $6.1 billion increase in nonmonetary gold and a $3.1 billion increase in pharmaceutical preparations, while exports of computers fell by $2.3 billion. Services exports decreased by $0.4 billion to $101.7 billion in September. Travel services declined by $0.6 billion, transport services fell by $0.2 billion, and financial services rose by $0.3 billion.