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January 09, 2024US TRADE BALANCE, NOVEMBER 2023 Month over month (November 2023 vs October 2023)
The United States goods and services deficit narrowed by $1.3 billion to $63.2 billion. The goods deficit narrowed by $562 million to $89.4 billion and, the services surplus widened by $714 million to $26.2 billion.
Total exports decreased $4.8 billion to $253.7 billion. Goods exports decreased $5.4 billion to $168.0 billion and services exports increased $576 million to $85.7 billion.
Total imports decreased $6.1 billion to $316.9 billion. Goods imports decreased $6.0 million to $257.4 billion and services imports decreased $138 million to $59.6 billion.
Year over year (November 2023 vs November 2022)
The US trade deficit narrowed by $611 million. The goods deficit widened by $5.4 billion and, the services surplus widened by $6.0 billion.
Total exports increased by $1.0 billion (+0.4%). Goods exports decreased $4.5 billion (-2.6%) and services exports increased $5.5 billion (+6.8%).
Total imports increased $389 million (+0.1%). Goods imports increased $906 million (+0.4%) and services imports decreased $517 billion (-0.9%).
Year to date (January-November 2023 vs January-November 2022)
The US trade deficit narrowed by $161.8 billion. The goods deficit narrowed by $112.0 billion and, the services surplus widened by $49.8 billion.
Total exports increased by $28.8 billion (+1.0%). Goods exports decreased $38.7 billion (-2.0%) and services exports increased $67.5 billion (+8.0%).
Total imports decreased $133.0 billion (-3.6%). Goods imports decreased $150.7 billion (-5.0%) and services imports increased $17.7 billion (+2.8%).
REFERENCES
U.S. Census Bureau and U.S. Bureau of Economic Analysis, retrieved Federal Reserve Bank of St. Louis using a FRED API.
Press release Data
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