The Goods and Services Deficit Decreased in November

The goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

November exports were $208.6 billion, $1.4 billion more than October exports. November imports were $251.7 billion, $2.5 billion less than October imports.

The November decrease in the goods and services deficit reflected a decrease in the goods deficit of $3.9 billion to $63.9 billion and a decrease in the services surplus of less than $0.1 billion to $20.8 billion.

Year-to-date, the goods and services deficit decreased $3.9 billion, or 0.7%, from the same period in 2018. Exports decreased less than $0.1 billion or less than 0.1%. Imports decreased $3.9 billion or 0.1%.

Exports of goods increased $1.0 billion to $137.2 billion in November. Exports of services increased $0.4 billion to $71.5 billion.

Imports of goods decreased $2.9 billion to $201.1 billion in November. Imports of services increased $0.4 billion to $50.7 billion.

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