November U.S. Exports, Imports Increase - Modern Distribution Management

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November U.S. Exports, Imports Increase

Goods and services deficit up 11.6 percent year-over-year.

The U.S. goods and services deficit was $50.5 billion in November, up $1.6 billion from $48.9 billion in October, revised. November exports were $200.2 billion, $4.4 billion more than October exports. November imports were $250.7 billion, $6 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.

Exports of goods increased $4.4 billion and exports of services increased $0.1 billion. The decrease in exports of goods mostly reflected an increase in capital goods ($2.5 billion). The increase in exports of services mainly reflected increases in financial services ($0.1 billion) and maintenance and repair services ($0.1 billion).

Imports of goods increased $6 billion and imports of services decreased less than $0.1 billion. The increase in imports of goods mostly reflected an increase in consumer goods ($2.4 billion). The decrease in imports of services mostly reflected a decrease in transport ($0.2 billion).

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