U.S. trade deficit falls

The U.S. monthly international trade deficit decreased in November 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $77.8 billion in October (revised) to $61.5 billion in November, as imports decreased more than exports. The goods deficit decreased $15.3 billion in November to $84.1 billion. The services surplus increased $1.0 billion in November to $22.5 billion.

Exports of goods and services decreased $5.1 billion, or 2.0%, in November to $251.9 billion. Exports of goods decreased $5.3 billion, and exports of services increased $0.2 billion.

Imports of goods and services decreased $21.5 billion, or 6.4%, in November to $313.4 billion. Imports of goods decreased $20.7 billion, and imports of services decreased $0.8 billion.