The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.2 billion in November, up $4.6 billion from $73.6 billion in October, revised. 
U.S. International Trade in Goods and Services Deficit
Deficit:$78.2 Billion +6.2%°
Exports:$273.4 Billion +2.7%°
Imports:$351.6 Billion +3.4%°
 Next release: Wednesday, February 5, 2025
(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes
Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, January 7, 2025
  
Goods and Services Trade Deficit: Seasonally adjusted
 

Exports, Imports, and Balance (exhibit 1)

November exports were $273.4 billion, $7.1 billion more than October exports. November imports were $351.6 billion, $11.6 billion more than October imports.
 
The November increase in the goods and services deficit reflected an increase in the goods deficit of $5.4 billion to $103.4 billion and an increase in the services surplus of $0.9 billion to $25.2 billion.
 
Year-to-date, the goods and services deficit increased $93.9 billion, or 13.0 percent, from the same period in 2023. Exports increased $111.5 billion or 4.0 percent. Imports increased $205.3 billion or 5.8 percent.

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