Goods & Services Deficit Widened by $13B in November

Washington, DC, January 6, 2022-The goods and services deficit was $80.2 billion in November, up $13.0 billion from $67.2 billion in October, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

November exports were $224.2 billion, $0.4 billion more than October exports. November imports were $304.4 billion, $13.4 billion more than October imports.

The November increase in the goods and services deficit reflected an increase in the goods deficit of $15.1 billion to $99.0 billion and an increase in the services surplus of $2.1 billion to $18.8 billion.

Year-to-date, the goods and services deficit increased $174.6 billion, or 28.6%, from the same period in 2020. Exports increased $354.4 billion or 18.2%. Imports increased $529.0 billion or 20.7%.