Goods & Services Deficit Widened to $50.5 in November

Washington, DC, January 5, 2018-The goods and services deficit was $50.5 billion in November, up $1.6 billion from $48.9 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 $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.

Year-to-date, the goods and services deficit increased $53.4 billion, or 11.6%, from the same period in 2016. Exports increased $112.7 billion or 5.6%. Imports increased $166.1 billion or 6.7%.