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U.S. Trade Deficit Increases in November
Posted By rosannatorres On January 13, 2012 @ 5:53 am In Foreign Trade Data | No Comments
By: Janet Freas
A decrease in November exports and an increase in imports resulted in a rise in the Nation’s international trade deficit in goods and services to $47.8 billion compared to $43.3 billion  (revised) in October. November exports, $177.8 billion, were $1.5 billion less than October exports of $179.4 billion. November imports, $225.6 billion, were $2.9 billion more than October imports of $222.6 billion.
The decrease in exports of goods reflected decreases in industrial supplies and materials ($1.6 billion); capital goods ($0.2 billion); other goods ($0.2 billion); and automotive vehicles, parts, and engines ($0.2 billion). November saw a record high of exports of consumer goods ($15.7 billion) and exports to China ($9.9 billion)  were the highest since December 2010 ($10.1 billion). The increase in imports of goods reflected increases in industrial supplies and materials ($2.7 billion); automotive vehicles, parts, and engines ($0.8 billion); other goods ($0.6 billion); and capital goods ($0.1 billion).
After five consecutive months of decreases, the October to November 2011 trade statistics show an increase in the average price per barrel of crude oil go from $98.84 to $102.5. This increase broke the downward trend that started in May 2011 when the average price per barrel of crude oil was $108.70. (See Exhibit 17 of the FT900 ). The graph below shows the average price per barrel of crude oil from January 2010 through November 2011.
Article printed from Global Reach Blog: http://globalreach.blogs.census.gov
URL to article: http://globalreach.blogs.census.gov/2012/01/13/us-trade-deficit-increases-in-november/
URLs in this post:
 Image: http://globalreach.blogs.census.gov/files/2012/03/6a0120a61b56ed970c0168e576d9e0970c-800wi-1.jpg
 $47.8 billion compared to $43.3 billion: http://www.census.gov/foreign-trade/data/
 exports to China ($9.9 billion): http://www.census.gov/foreign-trade/balance/c5700.html
 FT900: http://www.census.gov/foreign-trade/Press-Release/current_press_release/
 Image: http://globalreach.blogs.census.gov/files/2012/03/6a0120a61b56ed970c0162ff8157e7970d-800wi1.png