by Calculated Risk on 1/05/2023 08:52:00 AM
From the Department of Commerce reported:
that the goods and services deficit was $61.5 billion in November, down $16.3 billion from $77.8 billion in
November exports were $251.9 billion, $5.1 billion less than October exports. November imports were
$313.4 billion, $21.5 billion less than October imports
Click on graph for larger image.
Exports and imports decreased in November.
Exports are up 10% year-over-year; imports are up 2% year-over-year.
The second graph shows the U.S. trade deficit, with and without petroleum.
The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
Note that net, exports of petroleum products are slightly positive.
The trade deficit with China decreased to $21.3 billion in November, from $32.5 billion a year ago.