- Prior month -$64.3 billion revised to $-64.5 billion
- International trade deficit $-63.2 billion versus $65.0 billion estimate
- Good trade balance -$89.4BB vs -$90.27
- November exports totaled $253.7 billion, a decrease of $4.8 billion from October.
- November imports were $316.9 billion, down $6.1 billion from October.
The goods and services deficit in November decreased due to a $0.6 billion reduction in the goods deficit (to $89.4 billion) and a $0.7 billion increase in the services surplus (to $26.2 billion).
Year-to-date, the goods and services deficit has decreased by $161.8 billion, or 18.4%, compared to the same period in 2022. Over the same period, exports increased by $28.8 billion (1.0%) and imports decreased by $133.0 billion (3.6%).
Other details:
Exports of goods decreased $5.4 billion to $168.0 billion in November.
- Exports of goods on a Census basis decreased $5.6 billion.
- Industrial supplies and materials decreased $3.6 billion.
- Nonmonetary gold decreased $1.9 billion.
- Crude oil decreased $1.0 billion.
- Organic chemicals decreased $0.7 billion.
- Automotive vehicles, parts, and engines decreased $0.8 billion.
- Other automotive parts and accessories decreased $0.4 billion.
- Trucks, buses, and special purpose vehicles decreased $0.3 billion.
- Consumer goods decreased $0.5 billion.
- Artwork and other collectibles decreased $0.5 billion.
Exports of services increased $0.6 billion to $85.7 billion in November. •
- Travel increased $0.2 billion.
- Other business services increased $0.1 billion.
- Transport increased $0.1 billion.
- Government goods and services increased $0.1 billion.
Imports of goods decreased $6.0 billion to $257.4 billion in November.
- Imports of goods on a Census basis decreased $5.9 billion.
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- Consumer goods decreased $4.1 billion.
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- Cell phones and other household goods decreased $1.9 billion. o
- Pharmaceutical preparations decreased $1.4 billion.
- Industrial supplies and materials decreased $0.8 billion.
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- Other petroleum products decreased $0.5 billion. o
- Organic chemicals decreased $0.4 billion. o
- Crude oil increased $1.5 billion. •
- Capital goods decreased $0.7 billion. o
- Drilling and oilfield equipment decreased $0.7 billion.
- Consumer goods decreased $4.1 billion.
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