America’s trade deficit got worse toward the end of last year. The goods and services…
America’s trade deficit got worse toward the end of last year.
The goods and services deficit was $50.5 billion in November, up $1.6 billion from $48.9 billion in October, revised, the government is reporting.
November exports were $200.2 billion, $4.4 billion more than October exports. November imports were $250.7 billion, $6.0 billion more than October imports.
The November increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $70.9 billion and an increase in the services surplus of $0.1 billion to $20.4 billion.
Year-to-date, the goods and services deficit increased $53.4 billion, or 11.6 percent, from the same period in 2016. Exports increased $112.7 billion or 5.6 percent. Imports increased $166.1 billion or 6.7 percent.