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US Trade Deficit Worsens to $80.2B in November

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The US trade deficit widens to $80.2 billion in November, an increase from $67.2 billion in October.

Source: US Department of Commerce

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The country’s exports and imports rose by $0.4B to $224.2 billion and by $13.4B to $304.4 billion, respectively, month on month in November.

The Commerce Department stated that the November growth in goods and services signaled an increase in the goods deficit of $15.1B to $99.0 billion and in the services surplus of $2.1B to $18.8 billion.

The US recorded a bilateral trade deficit of $19.4B with the EU, an increase of $2.8 billion month-on-month in November.

The US’s exports to the EU increased by $0.5 billion to $24.4 billion as imports from the union rose by $2.2 billion to $43.8 billion.

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