Trade statistics released Jan. 6 by the Department of Commerce show that the U.S. monthly trade deficit in goods and services rose 6.6 percent in November to $45.2 billion following a 17.7 percent jump in October. Exports slipped 0.5 percent to $185.8 billion while imports rose 1.0 percent to $231.1 billion. However, for the year to date the deficit was down 1.1 percent from 2015 due to a 2.4 percent decline in imports offsetting a 2.7 percent decrease in exports.
The goods deficit increased 5.4 percent to $66.6 billion in November. Imports of goods were up 1.4 percent to $189.0 billion, including an increase of $900 million in crude oil. Exports of goods were down 0.6 percent to $122.4 billion, including a $1.3 billion decrease in civilian aircraft as well as a $1.5 billion increase in industrial supplies and materials.
The services surplus grew 2.4 percent to $21.4 billion. Imports were down 0.7 percent to $42.1 billion and exports rose 0.5 percent to $63.5 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$28.4 billion
|
-1.7
|
|
|
|
European Union
|
$13.8 billion
|
+7.0
|
|
|
|
Japan
|
$5.7 billion
|
-1.7
|
|
|
|
Mexico
|
$5.7 billion
|
-1.7
|
|
|
|
Germany
|
$5.3 billion
|
+12.8
|
|
|
|
Canada
|
$3.2 billion
|
+88.2
|
|
|
|
Italy
|
$2.2 billion
|
No change
|
|
|
|
South Korea
|
$2.2 billion
|
+57.2
|
|
|
|
India
|
$1.8 billion
|
-25.0
|
|
|
|
Taiwan
|
$1.3 billion
|
+30
|
|
|
|
France
|
$1.3 billion
|
-18.8
|
|
|
|
Saudi Arabia
|
$0.2 billion
|
No change
|
|
|
|
Hong Kong
|
|
|
$2.5 billion
|
-3.8
|
|
South/Central America
|
|
|
$2.4 billion
|
+33.3
|
|
Singapore
|
|
|
$1.0 billion
|
-23.1
|
|
Brazil
|
|
|
$0.8 billion
|
+800
|
|
United Kingdom
|
|
|
$0.1 billion
|
Shift from $0.7 billion deficit
|
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