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Trade Deficit, Imports and Exports Drop in November

Thursday, January 07, 2016
Sandler, Travis & Rosenberg Trade Report

The monthly U.S. trade deficit in goods and services fell 4.9 percent in November to $42.4 billion, according to trade statistics released Jan. 6 by the Department of Commerce. Imports slipped 1.7 percent to $224.6 billion and exports fell 0.9 percent to $182.2 billion. Year-to-date the deficit has risen 5.5 percent on declines of 4.6 percent for exports and 2.8 percent for imports.

The goods deficit fell 3.6 percent in November to $63.1 billion. Imports of goods were down 2.0 percent to $183.5 billion as imports of cell phones and other household goods fell $1.8 billion and imports of pharmaceutical preparations decreased by $600 million. Exports of goods were down 1.1 percent to $122.2 billion, including decreases of $500 million for nonmonetary gold and $300 million for cell phones and other household goods.

The services surplus fell 0.5 percent to $18.9 billion. Imports were down $100 million to $41.1 billion and exports fell $100 million to $60.0 billion.

Country/region

Deficit

% Change

Surplus

% Change

China

$30.2 billion

0

European Union

$12.8 billion

-3.7

Japan

$5.6 billion

+5.6

Germany

$5.5 billion

-11.2

Mexico

$5.4 billion

-14.2

Italy

$2.4 billion

+4.3

South Korea

$2.3 billion

0

India

$2.1 billion

+5.0

France

$2.1 billion

+23.5

Canada

$0.9 billion

+350

South/Central America

$2.7 billion

-3.5

Saudi Arabia

$0.4 billion

Change from <$0.1 billion deficit

United Kingdom

$0.3 billion

-50

Brazil

$0.1 billion

Change from $0.2 billion deficit

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