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U.S. worldwide trade deficit reduces in November

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis revealed today that the items and services deficit was $61.5 billion in November, down $16.3 billion from $77.8 billion in October, modified.

The November decline in the items and services deficit showed a decline in the items deficit of $15.3 billion to $84.1 billion and a boost in the services surplus of $1.0 billion to $22.5 billion.

November exports were $251.9 billion, $5.1 billion less than October exports. November imports were $313.4 billion, $21.5 billion less than October imports.

The typical items and services deficit reduced $1.4 billion to $71.2 billion for the 3 months ending in November. Year-over-year, the typical items and services deficit reduced $3.7 billion from the 3 months ending in November 2021.

Read the Census/BEA release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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