US goods trade deficit narrows in November
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E-mail Xinhua, December 31, 2019
The U.S. goods trade deficit narrowed in November as imports declined and exports rose, U.S. preliminary government figures showed on Monday.
The trade deficit in goods fell 5.4 percent to 63.2 billion U.S. dollars in November from a revised 66.8 billion dollars in the prior month, registering the second consecutive monthly drop and hitting the lowest level in over two years, according to data from the U.S. Census Bureau.
Exports of goods for November were 136.4 billion dollars, up 0.9 billion dollars, or 0.7 percent, from October, while imports of goods fell to 199.6 billion dollars, 2.7 billion dollars less than those of the prior month, down by 1.3 percent.
Despite that, the overall U.S. trade deficit this year is expected to remain large. Earlier data showed that from January to October, the goods and services deficit increased 6.9 billion dollars, or 1.3 percent, from the same period in 2018.
Data for the goods and services deficit in November will be released on Jan. 7.
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