The U.S. Bureau of Economic Analysis (BEA) has issued the following news release:
FOR IMMEDIATE RELEASE AT 8:30 A.M. EST, Friday, January 6, 2017
U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce * Washington, DC 20230
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $45.2 billion in November, up $2.9 billion from $42.4 billion in October, revised. November exports were $185.8 billion, $0.4 billion less than October exports. November imports were $231.1 billion, $2.4 billion more than October imports.The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/
See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.
The November increase in the goods and services deficit reflected an increase in the goods
deficit of $3.4 billion to $66.6 billion and an increase in the services surplus of $0.5
billion to $21.4 billion.
Year-to-date, the goods and services deficit decreased $4.9 billion, or 1.1 percent, from the
same period in 2015. Exports decreased $56.6 billion or 2.7 percent. Imports decreased $61.4
billion or 2.4 percent.
Goods and Services Three-Month Moving Averages (Exhibit 2)
The average goods and services deficit increased $1.5 billion to $41.3 billion for the three
months ending in November.
* Average exports of goods and services decreased $0.7 billion to $187.3 billion in November.
* Average imports of goods and services increased $0.8 billion to $228.6 billion in November.
Year-over-year, the average goods and services deficit decreased less than $0.1 billion from
the three months ending in November 2015.
* Average exports of goods and services increased $1.7 billion from November 2015.
* Average imports of goods and services increased $1.7 billion from November 2015.
Exports (Exhibits 3, 6, and 7)
Exports of goods decreased $0.7 billion to $122.4 billion in November.
Exports of goods on a Census basis decreased $1.0 billion.
* Capital goods decreased $1.8 billion.
o Civilian aircraft decreased $1.3 billion.
* Industrial supplies and materials increased $1.5 billion.
Net balance of payments adjustments increased $0.3 billion.
Exports of services increased $0.3 billion to $63.5 billion in November.
* Financial services increased $0.2 billion.
* Travel (for all purposes including education) increased $0.1 billion.
Imports (Exhibits 4, 6, and 8)
Imports of goods increased $2.7 billion to $189.0 billion in November.
Imports of goods on a Census basis increased $2.5 billion.
* Industrial supplies and materials increased $2.2 billion.
o Crude oil increased $0.9 billion.
Net balance of payments adjustments increased $0.2 billion.
Imports of services decreased $0.3 billion to $42.1 billion in November.
* Travel (for all purposes including education) decreased $0.2 billion.
* Transport, which includes freight and port services and passenger fares, decreased
$0.1 billion.
Real Goods in 2009 Dollars – Census Basis (Exhibit 11)
The real goods deficit increased $3.3 billion to $63.6 billion in November.
* Real exports of goods decreased $1.1 billion to $119.4 billion.
* Real imports of goods increased $2.1 billion to $182.9 billion.
Revisions
Revisions to October exports
* Exports of goods were revised downward less than $0.1 billion.
* Exports of services were revised downward less than $0.1 billion.
Revisions to October imports
* Imports of goods were revised downward $0.2 billion.
* Imports of services were revised downward $0.1 billion.
Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19)
The November figures show surpluses, in billions of dollars, with Hong Kong ($2.5), South and
Central America ($2.4), Singapore ($1.0), Brazil ($0.8), and United Kingdom ($0.1). Deficits
were recorded, in billions of dollars, with China ($28.4), European Union ($13.8), Japan
($5.7), Mexico ($5.7), Germany ($5.3), Canada ($3.2), Italy ($2.2), South Korea ($2.2), OPEC
($1.9), India ($1.8), Taiwan ($1.3), France ($1.3), and Saudi Arabia ($0.2).
* The deficit with Canada increased $1.5 billion to $3.2 billion in November.
Exports decreased $0.7 billion to $21.3 billion and imports increased $0.9 billion to
$24.5 billion.
* The deficit with the European Union increased $0.9 billion to $13.8 billion in November.
Exports decreased $1.3 billion to $21.0 billion and imports decreased $0.4 billion to
$34.8 billion.
* The surplus with Brazil increased $0.7 billion to $0.8 billion in November. Exports
increased $0.7 billion to $3.2 billion and imports decreased less than $0.1 billion to
$2.4 billion.
NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of
payments basis unless otherwise specified. Additional statistics, including not seasonally
adjusted statistics and details for goods on a Census basis, are available in Exhibits 1-20b
of this release. For information on data sources, definitions, revision procedures, and
scheduled release dates through December 2017, see the information section on page A-1 of this
release. The next release is February 7, 2017.
NOTE: For definitions of goods on a balance of payments basis, goods on a Census basis, and
net balance of payments adjustments, see the information section on page A-1 of this release.
FOR IMMEDIATE RELEASE AT 8:30 A.M. EST, Friday, January 6, 2017
U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce * Washington, DC 20230
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $45.2 billion in November, up $2.9 billion from $42.4 billion in October, revised. November exports were $185.8 billion, $0.4 billion less than October exports. November imports were $231.1 billion, $2.4 billion more than October imports.The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/
See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.
The November increase in the goods and services deficit reflected an increase in the goods
deficit of $3.4 billion to $66.6 billion and an increase in the services surplus of $0.5
billion to $21.4 billion.
Year-to-date, the goods and services deficit decreased $4.9 billion, or 1.1 percent, from the
same period in 2015. Exports decreased $56.6 billion or 2.7 percent. Imports decreased $61.4
billion or 2.4 percent.
Goods and Services Three-Month Moving Averages (Exhibit 2)
The average goods and services deficit increased $1.5 billion to $41.3 billion for the three
months ending in November.
* Average exports of goods and services decreased $0.7 billion to $187.3 billion in November.
* Average imports of goods and services increased $0.8 billion to $228.6 billion in November.
Year-over-year, the average goods and services deficit decreased less than $0.1 billion from
the three months ending in November 2015.
* Average exports of goods and services increased $1.7 billion from November 2015.
* Average imports of goods and services increased $1.7 billion from November 2015.
Exports (Exhibits 3, 6, and 7)
Exports of goods decreased $0.7 billion to $122.4 billion in November.
Exports of goods on a Census basis decreased $1.0 billion.
* Capital goods decreased $1.8 billion.
o Civilian aircraft decreased $1.3 billion.
* Industrial supplies and materials increased $1.5 billion.
Net balance of payments adjustments increased $0.3 billion.
Exports of services increased $0.3 billion to $63.5 billion in November.
* Financial services increased $0.2 billion.
* Travel (for all purposes including education) increased $0.1 billion.
Imports (Exhibits 4, 6, and 8)
Imports of goods increased $2.7 billion to $189.0 billion in November.
Imports of goods on a Census basis increased $2.5 billion.
* Industrial supplies and materials increased $2.2 billion.
o Crude oil increased $0.9 billion.
Net balance of payments adjustments increased $0.2 billion.
Imports of services decreased $0.3 billion to $42.1 billion in November.
* Travel (for all purposes including education) decreased $0.2 billion.
* Transport, which includes freight and port services and passenger fares, decreased
$0.1 billion.
Real Goods in 2009 Dollars – Census Basis (Exhibit 11)
The real goods deficit increased $3.3 billion to $63.6 billion in November.
* Real exports of goods decreased $1.1 billion to $119.4 billion.
* Real imports of goods increased $2.1 billion to $182.9 billion.
Revisions
Revisions to October exports
* Exports of goods were revised downward less than $0.1 billion.
* Exports of services were revised downward less than $0.1 billion.
Revisions to October imports
* Imports of goods were revised downward $0.2 billion.
* Imports of services were revised downward $0.1 billion.
Goods by Selected Countries and Areas: Monthly – Census Basis (Exhibit 19)
The November figures show surpluses, in billions of dollars, with Hong Kong ($2.5), South and
Central America ($2.4), Singapore ($1.0), Brazil ($0.8), and United Kingdom ($0.1). Deficits
were recorded, in billions of dollars, with China ($28.4), European Union ($13.8), Japan
($5.7), Mexico ($5.7), Germany ($5.3), Canada ($3.2), Italy ($2.2), South Korea ($2.2), OPEC
($1.9), India ($1.8), Taiwan ($1.3), France ($1.3), and Saudi Arabia ($0.2).
* The deficit with Canada increased $1.5 billion to $3.2 billion in November.
Exports decreased $0.7 billion to $21.3 billion and imports increased $0.9 billion to
$24.5 billion.
* The deficit with the European Union increased $0.9 billion to $13.8 billion in November.
Exports decreased $1.3 billion to $21.0 billion and imports decreased $0.4 billion to
$34.8 billion.
* The surplus with Brazil increased $0.7 billion to $0.8 billion in November. Exports
increased $0.7 billion to $3.2 billion and imports decreased less than $0.1 billion to
$2.4 billion.
NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of
payments basis unless otherwise specified. Additional statistics, including not seasonally
adjusted statistics and details for goods on a Census basis, are available in Exhibits 1-20b
of this release. For information on data sources, definitions, revision procedures, and
scheduled release dates through December 2017, see the information section on page A-1 of this
release. The next release is February 7, 2017.
NOTE: For definitions of goods on a balance of payments basis, goods on a Census basis, and
net balance of payments adjustments, see the information section on page A-1 of this release.
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