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Official Publication Edition · GDP

Source-grounded publication

Exports of services increased $0.9 billion to $95.8 billion in November.

Exports of goods increased $6.2 billion to $177.6 billion in November.

Published
Release date
PublisherBureau of Economic Analysis

Source

U.S. International Trade in Goods and Services, November 2024

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Sections

Publication sections

Key evidence

The source reports an amount on a billion scale for the stated scope: Imports of goods on a Census basis increased $11.6 billion. The source reports an amount on a billion scale for the stated scope: Exports of goods on a Census basis increased $5.6 billion. The source reports an amount on a billion scale for the stated scope: Net balance of payments adjustments increased less than $0.1 billion.

The source directly compares reported values for the stated scope: November exports were $273.4 billion, $7.1 billion more than October exports. The source directly compares reported values for the stated scope: The real goods deficit increased $4.7 billion, or 5.1 percent, to $96.5 billion in November, compared to a 6.1 percent increase in the nominal deficit.

The source directly compares reported values for the stated scope: The November increase in the goods and services deficit reflected an increase in the goods deficit of $5.4 billion to $103.4 billion and an increase in the services surplus of $0.9 billion to $25.2 billion. The source reports an amount on a billion scale for the stated scope: Year-over-year, the average goods and services deficit increased $14.8 billion from the three months ending in November 2023.

The source directly compares reported values for the stated scope: Imports of services increased less than $0.1 billion to $70.6 billion in November. The source directly compares reported values for the stated scope: November imports were $351.6 billion, $11.6 billion more than October imports. The source reports an amount on a billion scale for the stated scope: Net balance of payments adjustments increased $0.6 billion.

The source reports an amount on a billion scale for the stated scope: Year-to-date, the goods and services deficit increased $93.9 billion, or 13.0 percent, from the same period in 2023. The source directly compares reported values for the stated scope: Bureau of Economic Analysis announced today that the goods and services deficit was $78.2 billion in November, up $4.6 billion from $73.6 billion in October, revised. The source reports an amount on a billion scale for the stated scope: Exports increased $111.5 billion or 4.0 percent.

Verified evidence

Publication data points

Verified numeric data points from this publication
LabelValueUnitPeriod
Imports increased $205.3 billion or 5.8 percent.205.3billion
Imports of goods on a Census basis increased $11.6 billion.11.6billion
Exports of goods on a Census basis increased $5.6 billion.5.6billion
Net balance of payments adjustments increased less than $0.1 billion.0.1billion
Year-over-year, the average goods and services deficit increased $14.8 billion from the three months ending in November 2023.14.8billion
Net balance of payments adjustments increased $0.6 billion.0.6billion
Year-to-date, the goods and services deficit increased $93.9 billion, or 13.0 percent, from the same period in 2023.93.9billion
Exports increased $111.5 billion or 4.0 percent.111.5billion
Source and methodology

Source: the retained official publication. Method: normalized statements from section generic-text presented as reported, without recomputation.

Caveats
  • Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections

Correction state: none