Trade Grows in November

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By: Sean Kline

Overall, the deficit of goods and services increased to $48.7 billion in November from $42.1 billion in October (revised). Exports increased to $182.6 billion in November from $180.8 billion in October (revised). Exports saw the largest increases in both capital goods ($0.9 billion) and automotive vehicles, parts, and engines ($0.7 billion). Meanwhile, imports increased to $231.3 billion in November from $222.9 billion in October (revised). This $8.4 billion increase was due largely to the increased importation of consumer goods ($4.6 billion), automotive vehicles, parts, and engines ($1.5 billion), and industrial supplies and materials ($1.3 billion). For more in depth analysis, please go to

Consumers Consuming

Imports of consumer goods hit a record high of $45.3 million in November. This was an increase of $4.6 million or 11.2%. This record high made me wonder how imports of other principal end-use categories were faring so I did a little research and put together the following graph.

As you can see, there was a significant drop across the spectrum starting in September 2008. Since that time, most of the commodity groupings have slowly risen and even passed their pre-recession levels. Even industrial supplies, which have not fully rebounded, have increased 84.8% from their low of $33.2 billion in May 2009. It will certainly be interesting to see if these trends continue in the future.

If you share my interest, please go to our website at Here you can find monthly data from 1992-present for Goods by Principal End-Use Category.

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2 Responses to Trade Grows in November

  1. AgathaT says:

    Superb information. A great boost up for the manufacturing industry.Surely going to bookmark this page for more updates.

  2. Olivia says:

    On your blog, I found lots of interesting information. Thank you very much.

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