U.S. International Trade in Goods and Services, November 2022

The U.S. Census Bureau and nan U.S. Bureau of Economic Analysis announced coming that nan goods and services deficit was $61.5 cardinal successful November, down $16.3 cardinal from $77.8 cardinal successful October, revised.

Exports, Imports, and Balance (exhibit 1)

November exports were $251.9 billion, $5.1 cardinal little than October exports. November imports were $313.4 billion, $21.5 cardinal little than October imports.

The November alteration successful nan equipment and services shortage reflected a alteration successful nan equipment shortage of $15.3 cardinal to $84.1 cardinal and an summation successful nan services surplus of $1.0 cardinal to $22.5 billion.

Year-to-date, nan equipment and services shortage accrued $120.1 billion, aliases 15.7 percent, from nan aforesaid play successful 2021. Exports accrued $439.4 cardinal aliases 18.9 percent. Imports accrued $559.5 cardinal aliases 18.1 percent.

Three-Month Moving Averages (exhibit 2)

The mean equipment and services shortage decreased $1.4 cardinal to $71.2 cardinal for nan 3 months ending successful November.

• Average exports decreased $3.3 cardinal to $255.8 cardinal successful November.
• Average imports decreased $4.7 cardinal to $327.0 cardinal successful November.

Year-over-year, nan mean equipment and services shortage decreased $3.7 cardinal from nan 3 months ending successful November 2021.

• Average exports accrued $33.9 cardinal from November 2021.
• Average imports accrued $30.2 cardinal from November 2021.

Exports (exhibits 3, 6, and 7)

Exports of equipment decreased $5.3 cardinal to $170.8 cardinal successful November.

  Exports of equipment connected a Census ground decreased $4.9 billion.

• Industrial supplies and materials decreased $3.6 billion.
  • Natural state decreased $1.6 billion.
  • Nonmonetary golden decreased $0.8 billion.
  • Crude lipid decreased $0.6 billion.
• Capital equipment decreased $1.3 billion.
  • Civilian craft decreased $0.5 billion.
• Consumer equipment accrued $0.9 billion.
  • Pharmaceutical preparations accrued $1.2 billion.

  Net equilibrium of payments adjustments decreased $0.4 billion.

Exports of services accrued $0.2 cardinal to $81.0 cardinal successful November.

• Other business services accrued $0.1 billion.
• Telecommunications, computer, and accusation services accrued $0.1 billion.
• Charges for nan usage of intelligence spot accrued $0.1 billion.
• Travel decreased $0.2 billion.

Imports (exhibits 4, 6, and 8)

Imports of equipment decreased $20.7 cardinal to $254.9 cardinal successful November.

  Imports of equipment connected a Census ground decreased $20.6 billion.

• Consumer equipment decreased $8.8 billion.
  • Pharmaceutical preparations decreased $2.9 billion.
  • Cell phones and different family equipment decreased $2.7 billion.
• Industrial supplies and materials decreased $3.7 billion.
  • Crude lipid decreased $1.7 billion.
• Automotive vehicles, parts, and engines decreased $3.3 billion.
  • Passenger cars decreased $1.6 billion.
  • Other automotive parts and accessories decreased $1.0 billion.
• Capital equipment decreased $3.0 billion.
  • Computers decreased $1.1 billion.
  • Telecommunications instrumentality decreased $0.7 billion.

  Net equilibrium of payments adjustments decreased $0.1 billion.

Imports of services decreased $0.8 cardinal to $58.5 cardinal successful November.

• Transport decreased $0.7 billion.
• Travel decreased $0.4 billion.
• Charges for nan usage of intelligence spot accrued $0.2 billion.

Real Goods successful 2012 Dollars – Census Basis (exhibit 11)

The existent equipment shortage decreased $15.9 cardinal to $97.1 cardinal successful November.

• Real exports of equipment decreased $4.0 cardinal to $154.1 billion.
• Real imports of equipment decreased $20.0 cardinal to $251.3 billion.

Revisions

Revisions to October exports

• Exports of equipment were revised up $0.2 billion.
• Exports of services were revised up $0.2 billion.

Revisions to October imports

• Imports of equipment were revised down little than $0.1 billion.
• Imports of services were revised up $0.1 billion.

Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

The November figures show surpluses, successful billions of dollars, pinch South and Central America ($5.3), Netherlands ($2.4), Hong Kong ($1.6), United Kingdom ($1.2), Australia ($1.0), Singapore ($1.0), Brazil ($0.5), and Belgium ($0.1). Deficits were recorded, successful billions of dollars, pinch China ($20.4), European Union ($19.5), Mexico ($10.9), Vietnam ($8.5), Germany ($7.2), Ireland ($5.6), Japan ($5.6), Taiwan ($4.1), South Korea ($3.7), Canada ($3.5), Italy ($3.4), Malaysia ($3.1), India ($2.3), Switzerland ($1.3), Saudi Arabia ($0.9), Israel ($0.7), and France ($0.6).

• The shortage pinch China decreased $5.8 cardinal to $20.4 cardinal successful November. Exports decreased $0.1 cardinal to $13.5 cardinal and imports decreased $5.8 cardinal to $33.9 billion.
• The shortage pinch nan European Union decreased $3.6 cardinal to $19.5 cardinal successful November. Exports decreased $0.3 cardinal to $28.5 cardinal and imports decreased $3.9 cardinal to $48.0 billion.
• The shortage pinch Switzerland accrued $0.8 cardinal to $1.3 cardinal successful November. Exports decreased $1.8 cardinal to $3.0 cardinal and imports decreased $1.0 cardinal to $4.2 billion.

All statistic referenced are seasonally adjusted; statistic are connected a equilibrium of payments ground unless different specified. Additional statistics, including not seasonally adjusted statistic and specifications for equipment connected a Census basis, are disposable successful exhibits 1-20b of this release. For accusation connected information sources, definitions, and revision procedures, spot nan explanatory notes successful this release. The afloat merchandise tin beryllium recovered astatine www.census.gov/foreign-trade/Press-Release/current_press_release/index.html aliases www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The afloat schedule is disposable successful nan Census Bureau's Economic Briefing Room astatine www.census.gov/economic-indicators/ aliases connected BEA's website astatine www.bea.gov/news/schedule.

Next release: February 7, 2023, astatine 8:30 a.m. EST
U.S. International Trade successful Goods and Services, December and Annual 2022