USA: The trade balance reduces its deficit to 63.2B dollars in November

The US trade balance moderated its deficit by 1.3B dollars in November, placing it at -63.2B compared to -64.5B in October (figure revised downward from -64.3B), as revealed by the Office of Economic Analysis of the United States Department of Commerce. The data improves market forecastssince an expansion of the deficit to 65B dollars was expected.

November exports were $253.7 billion, $4.8 billion less than October exports. November imports were $316.9 billion, $6.1 billion less than October imports.

The decline in the goods and services deficit in November reflected a decrease in the goods deficit from $600 million to $89.4 billion and an increase in the services surplus from $700 million to $26.2 billion.

So far this year, the deficit in goods and services decreased by $161.8 billion, or 18.4%, compared to the same period in 2022. Exports increased by $28.8 billion, or 1.0%. Imports decreased by $133 billion or 3.6%.

dollar reaction

The Dollar Index (DXY) has barely moved on the release, trading at the time of writing above 102.40, gaining 0.11% on the day.