U.S. Trade Deficit Widened in November
Washington, DC, January 7, 2021-November exports were $184.2 billion, $2.2 billion more than October exports, according to the Bureau of Economic Analysis. November imports were $252.3 billion, $7.2 billion more than October imports.
The November increase in the goods and services deficit reflected an increase in the goods deficit of $5.0 billion to $86.4 billion and a decrease in the services surplus of less than $0.1 billion to $18.2 billion.
Year-to-date, the goods and services deficit increased $73.6 billion, or 13.9%, from the same period in 2019. Exports decreased $372.3 billion or 16.1%. Imports decreased $298.7 billion or 10.5%.