The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised.
Exports, Imports, and Balance (exhibit 1)
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 percent, from the same period in 2018. Exports decreased less than $0.1 billion or less than 0.1 percent. Imports decreased $3.9 billion or 0.1 percent.
