United States deficit in foreign goods and services trade increased 19.4% – Business – 01/07/2022

The United States’ deficit in foreign goods and services trade rose 19.4% in November from the previous month and reached US$80.2 billion, driven by a rebound in imports, the Office for Economic Analysis reported on Thursday (BEA, in the UK).

Thus, the deficit strengthened again in November in the US trade balance after the exception of October, when it fell for the first time since July.

The value of US exports in the penultimate month of 2021 edged up 0.2%, to US$224.2 billion; Meanwhile, imports grew 4.6% to reach US$ 304,400 million.

After posting a $67.2 billion deficit in October, analysts expect a negative balance of around $77 billion in November.

In November, the trade deficit with China only increased by US$ 100 million and reached a value of US$ 28.4 billion.

In the accumulation of the first 11 months of 2021, the country’s deficit grew by 28.6% compared to the same period in 2020.

By sector, sales of industrial machinery by the United States to the world fell by US$ 400 million; while for telecommunications equipment it fell by US$ 300 million and for civil aircraft it fell by US$ 200 million.

Non-monetary gold sales also fell (less US$ 1.4 billion), while oil sales increased by US$ 400 million.

The rise in tourism spending and international travel to the country was notable in November, which rose by $2.2 billion, coinciding with the lifting of restrictions on international tourism by the government.

Regarding imports, the country bought more vehicle components from around the world in November (US$1,200 million more than in October), more oil (US$1,300 million) and more toys, games and sporting goods (an additional US$600 million). million), among others.

Meanwhile, it sold more than it bought to South and Central America (US$4.5 billion surplus), Hong Kong (US$1.6 billion), UK (US$500 million) and Singapore (US$300 million). [EFE]

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