Trade Deficit Drops $16 Billion in November 2022

US International Trade In Goods And Services – November 2022 Deficit Decreases – US Census Bureau 5 Jan 2023

Ken Zino of AutoInformed.com on Trade Deficit Drops $16 Billion in November 2022

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The average goods and services deficit decreased $1.4 billion to $71.2 billion for the three months ending
in November:
• Average exports decreased $3.3 billion to $255.8 billion in November.
• Average imports increased $4.7 billion to $327.0 billion in November.

Year-over-year, the average goods and services deficit decreased $3.7 billion from the three months
ending in November 2021.

The automotive business wasn’t booming in keeping with the trend. Consider year-over-year:
• Crude oil 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.

The November figures show surpluses, in billions of dollars, with 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).

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