Source: Bureau of Economic Analysis
The United States’ trade deficit widened by double digits in November, as imports grew at a faster rate than exports during the period.
- The trade deficit grew by 19.4% or $13.0 billion to $80.2 billion from the revised $67.2 billion recorded in October.
- The latest reading reflected a $15.1 billion increase in the goods deficit to $99.0 billion and a $2.1-billion increase in the services surplus to $18.8 billion.
- Exports for the month increased by $0.4 billion to $224.2 billion, while imports grew by $13.4 billion to $304.4 billion.
- The year-to-date trade deficit widened by 28.6% or $174.6 billion, as exports climbed 18.2% or $354.4 billion while imports jumped 20.7% or $529.0 billion.
- The real goods deficit grew by $13.7 billion to $110.8 billion, with exports at $148.6 billion and imports at $259.4 billion.