November U.S. Trade Deficit: $64.2 Billion

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis reports that the U.S. trade deficit for November was $64.2 Billion. Imports fell slightly to a $173.5 billion from a record $175.5 billion in October.


Click on graph for larger image.

Imports from China were $22.4 Billion, down from a record of $24.4 Billion in October, while exports to China were steady at $3.9 Billion. Imports from Japan decreased to $11.9 billion from $12.2 Billion in October.

The Petroleum deficit was $22.9 billion, down from the October record of $23.9 Billion. The decrease in the petroleum deficit was primarily due to a drop in the price of crude oil.

Dr. Setser (US November trade data) and Kash comment on the trade data.