U.S. Trade Deficit Narrowed in November

Washington, DC, January 6, 2016—The goods and services deficit was $42.4 billion in November, down $2.2 billion from $44.6 billion in October, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced.

November exports were $182.2 billion, $1.6 billion less than October exports. November imports were $224.6 billion, $3.8 billion less than October imports.

The November decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.3 billion to $61.3 billion and a decrease in the services surplus of $0.1 billion to $18.9 billion.

Year to date, the goods and services deficit increased $25.2 billion, or 5.5%, from the same period in 2014. Exports decreased $99.0 billion or 4.6%. Imports decreased $73.7 billion or 2.8%.