The U.S. monthly international trade deficit decreased in November 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.9 billion in October (revised) to $43.1 billion in November, as exports increased and imports decreased. The previously published October deficit was $47.2 billion. The goods deficit decreased $3.9 billion in November to $63.9 billion. The services surplus decreased less than $0.1 billion in November to $20.8 billion.
Exports
Exports of goods and services increased $1.4 billion, or 0.7 percent, in November to $208.6 billion. Exports of goods increased $1.0 billion and exports of services increased $0.4 billion.
- The increase in exports of goods reflected increases in capital goods ($0.6 billion), in consumer goods ($0.5 billion), and in automotive vehicles, parts, and engines ($0.4 billion). A decrease in other goods ($0.5 billion) partly offset the increases
- The increase in exports of services reflected increases in other business services ($0.1 billion), in transport ($0.1 billion), and in travel ($0.1 billion).
Imports
Imports of goods and services decreased $2.5 billion, or 1.0 percent, in November to $251.7 billion. Imports of goods decreased $2.9 billion and imports of services increased $0.4 billion
- The decrease in imports of goods reflected decreases in capital goods ($1.2 billion), in consumer goods ($1.0 billion), in other goods ($0.8 billion), and in industrial supplies and materials ($0.6 billion). An increase in automotive vehicles, parts, and engines ($1.1 billion) partly offset the decreases.
- The increase in imports of services reflected increases in travel ($0.1 billion) and in transport ($0.1 billion).