The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $39.0 billion in November, down $3.2 billion from $42.2 billion in October, revised. November exports were $196.4 billion, $2.0 billion less than October exports. November imports were $235.4 billion, $5.2 billion less than October imports.
The November decrease in the goods and services deficit reflected a decrease in the goods deficit of $3.3 billion to $58.3 billion and a decrease in the services surplus of $0.1 billion to $19.3 billion. Year-to-date, the goods and services deficit increased $22.3 billion, or 5.1 percent, from the same period in 2013. Exports increased $60.0 billion or 2.9 percent. Imports increased $82.4 billion or 3.3 percent.
The average goods and services deficit decreased $0.3 billion to $41.6 billion for the three months ending in November. Average exports of goods and services decreased $0.8 billion to $196.6 billion in November. Average imports of goods and services decreased $1.1 billion to $238.3 billion in November.
Year-over-year, the average goods and services deficit increased $2.5 billion from the three months ending in November 2013. Average exports of goods and services increased $3.6 billion from November 2013. Average imports of goods and services increased $6.1 billion from November 2013.