US trade deficit widens to $ 68.1 billion in November – 01/07/2021

US trade deficit widens to $ 68.1 billion in November - 01/07/2021
Washington, January 7 (EFE). – The United States’ deficit in foreign trade in products and services increased to $ 68.1 billion in November 2020, registering $ 63.1 billion last month, and reached the largest brand since August 2006, as of Thursday It is reported by the Department of Commerce.

The negative balance in November exceeded the calculations of analysts who expected a decrease of US $ 62.5 billion, and the accumulated deficit contribution from January to November reached US $ 604.823 billion. This amount was 532.289 billion dollars in the same period in 2019.

In November, the value of US exports rose 1.2% to US $ 184.2 billion, driven by sales of supplies and industrial materials, especially natural gas, food, drinks, travel and transportation.

According to the government report, the import value of US $ 252.3 billion rose 2.9% in November, mainly due to the purchase of cell phones and other home appliances and industrial materials, capital goods and transportation.

The US goods trade deficit with China fell to $ 26.333 billion in November, after $ 31.264 billion in October, and has accumulated a negative balance of $ 320.442 billion since January. EFE

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Sarah Gracie

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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