The nation’s trade deficit – the difference in value between what the United States imports and exports – widened to nearly $48 billion in November, the government announced.
In October, the deficit had shrunk to its lowest level of the year at $43.3 billion. The November rise followed four straight months of declines.
The gap was due to a $4.6 billion increase in the deficit of goods, bringing the total deficit in goods for the month to $63.2 billion. The U.S. has a surplus in its services trade of $15.4 billion. In November, that surplus increased slightly by about $100 million.
All told for November, the U.S. exported $177.8 billion in goods and services but imported $225.6 billion.
