The Department of Commerce’s Census Bureau and Bureau of Economic Analysis announced Jan. 11 that the monthly U.S. trade deficit in goods and services increased by $5.3 billion from October to November 2007. Exports edged up $0.6 billion to $142.3 billion and imports increased $6.0 billion to $205.4 billion, resulting in an overall goods and services deficit of $63.1 billion. This includes a goods deficit that increased $5.8 billion from October to $72.7 billion and a services surplus that increased $0.4 billion to $9.6 billion. The monthly goods and services trade deficit was up $4.7 billion in November 2007 from a year earlier. During that time exports increased by $16.4 billion or 13 percent, while imports saw a $21.1 billion or 11.4 percent rise. The U.S. had trade surpluses in November with (in billions of dollars) Hong Kong ($1.0), Australia ($1.0), Singapore ($0.6) and Egypt ($0.3). Deficits were recorded with China ($24.0), Europe ($12.0), Mexico ($7.6), Japan ($7.1), Canada ($4.7), Taiwan ($1.3) and Korea ($1.2).
World Trade/Interactive
