The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $50.5 billion in November, up $1.6 billion from $48.9 billion in October, revised. November exports were $200.2 billion, $4.4 billion more than October exports. November imports were $250.7 billion, $6.0 billion more than October imports.
The November increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $70.9 billion and an increase in the services surplus of $0.1 billion to $20.4 billion.
Exports (Exhibits 3, 6, and 7)
Exports of goods increased $4.4 billion to $134.6 billion in November.
Exports of goods on a Census basis increased $4.3 billion.
Exports of services increased $0.1 billion to $65.7 billion in November.
Imports (Exhibits 4, 6, and 8)
Imports of goods increased $6.0 billion to $205.5 billion in November.
Imports of goods on a Census basis increased $6.0 billion.
Imports of services decreased less than $0.1 billion to $45.3 billion in November.
Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19)
The November figures show surpluses, in billions of dollars, with Hong Kong ($2.8), South and Central America ($2.6), Singapore ($1.0), United Kingdom ($0.4), and Brazil ($0.3). Deficits were recorded, in billions of dollars, with China ($33.5), European Union ($13.5), Mexico ($5.8), Japan ($5.8), Germany ($5.3), Italy ($2.8), India ($2.4), South Korea ($1.7), OPEC ($1.3), France ($1.3), Canada ($1.1), Taiwan ($0.9), and Saudi Arabia ($0.2).
NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.