The U.S. monthly international trade deficit increased in November 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $63.1 billion in October (revised) to $68.1 billion in November, as imports increased more than exports. The previously published October deficit was $63.1 billion. The goods deficit increased $5.0 billion in November to $86.4 billion. The services surplus decreased less than $0.1 billion in November to $18.2 billion.
Exports
Exports of goods and services increased $2.2 billion, or 1.2 percent, in November to $184.2 billion. Exports of goods increased $1.3 billion and exports of services increased $0.9 billion.
- The increase in exports of goods reflected increases in industrial supplies and materials ($0.8 billion) and in foods, feeds, and beverages ($0.5 billion).
- The increase in exports of services reflected increases in travel ($0.5 billion) and in transport ($0.3 billion).
Imports
Imports of goods and services increased $7.2 billion, or 2.9 percent, in November to $252.3 billion. Imports of goods increased $6.3 billion and imports of services increased $0.9 billion.
- The increase in imports of goods reflected increases in consumer goods ($4.0 billion), in industrial supplies and materials ($1.5 billion), and in capital goods ($1.2 billion). A decrease in automotive vehicles, parts, and engines ($1.0 billion) partly offset the increases.
- The increase in imports of services reflected increases in transport ($0.4 billion) and in travel ($0.4 billion).
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