A New Record High Trade Deficit In Goods
The Advance Trade Deficit in Goods would be a new record high if the estimate holds.
Advance Trade Deficit in Goods
The Commerce Department Advance Report shows the trade deficit widened by 5.5% in November.
- The international trade deficit was $84.8 billion in November, up $4.4 billion from $80.4 billion in October.
- Exports of goods for November were $127.2 billion, $1.1 billion more than October exports.
- Imports of goods for November were $212.0 billion, $5.5 billion more than October imports.
Series Record High
Trade deficits normally shrink in recessions but not this time. $84.8 billion, if it holds, would be a new record.
The Advance Report only covers goods. The US runs a surplus in services so the combined net will be lower.
For discussion and the latest charts on the combined deficits, please see Not Even Recession Helped the US Trade Deficit.