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In The News:

U.S. Trade Deficit Drops 13% from October to November

Exports of $194.9 billion and imports of $229.1 billion resulted in a goods and services deficit of $34.3 billion in November, down 12.7 percent from $39.3 billion in October, according to the U.S. Census Bureau and Department of Commerce.

November exports were $1.7 billion more than October exports of $193.1 billion. November imports were $3.4 billion less than October imports of $232.5 billion.

In November, the goods deficit decreased $4.9 billion from October to $53.9 billion, and the services surplus increased $200 million from October to $19.7 billion. Exports of goods increased $1.5 billion to $137.1 billion, and imports of goods decreased $3.4 billion to $191 billion. Exports of services increased $300 million to $57.8 billion, and imports of services increased $100 million to $38.1 billion.

The goods and services deficit decreased $12.2 billion from November 2012 to November 2013. Exports were up $9.6 billion, or 5.2 percent, and imports were down $2.5 billion, or 1.1 percent. 

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