U.S. Trade Deficit Widens in November


November exports of $177.8 billion and imports of $225.6 billion resulted in a goods and services deficit of $47.8 billion, up from $43.3 billion in October, revised.

November exports were $1.5 billion less than October exports of $179.4 billion. November imports were $2.9 billion more than October imports of $222.6 billion.

In November, the goods deficit increased $4.6 billion from October to $63.2 billion, and the services surplus increased $0.1 billion from October to $15.4 billion. Exports of goods decreased $1.5 billion to $126.6 billion, and imports of goods increased $3.1 billion to $189.7 billion. Exports of services were virtually unchanged at $51.3 billion, and imports of services decreased $0.2 billion to $35.9 billion.

The goods and services deficit increased $8.9 billion from November 2010 to November 2011. Exports were up $16.6 billion, or 10.3 percent, and imports were up $25.5 billion, or 12.7 percent.

The October to November decrease in exports of goods reflected decreases in industrial supplies and materials ($1.6 billion); capital goods ($0.2 billion); other goods ($0.2 billion); automotive vehicles, parts, and engines ($0.2 billion); and foods, feeds, and beverages ($0.1 billion). An increase occurred in consumer goods ($0.8 billion).

The October to November increase in imports of goods reflected increases in industrial supplies and materials ($2.7 billion); automotive vehicles, parts, and engines ($0.8 billion); other goods ($0.6 billion); and capital goods ($0.1 billion). Decreases occurred in consumer goods ($0.7 billion) and foods, feeds, and beverages ($0.1 billion).


TradingEconomics.com, the Department of Commerce
1/13/2012 3:48:56 PM