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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Henry Lawson is a contributor at Sproutwired.com, covering a wide range of topics including news, politics, business, technology, sport, entertainment and lifestyle. He focuses on delivering clear, accurate and reader-friendly reporting that helps audiences stay informed about current affairs and important developments. With an emphasis on useful information and balanced coverage, Henry aims to highlight stories that matter most to readers, providing context and insight in a straightforward and accessible way.
