Trade Deficit Widened by $27.6 Billion in November

Washington, DC, January 29, 2026-The goods and services deficit was $56.8 billion in November, up $27.6 billion from $29.2 billion in October, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

November exports were $292.1 billion, $10.9 billion less than October exports. November imports were $348.9 billion, $16.8 billion more than October imports.

The November increase in the goods and services deficit reflected an increase in the goods deficit of $27.9 billion to $86.9 billion and an increase in the services surplus of $0.3 billion to $30.1 billion.

Year-to-date, the goods and services deficit increased $32.9 billion, or 4.1%, from the same period in 2024. Exports increased $185.7 billion or 6.3%. Imports increased $218.6 billion or 5.8%.