Skip to Content

November trade deficit hits near record-high $80.2 billion

KVIA

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON (AP) — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed  while imports jumped sharply. The  November deficit was 19.3% higher than the October deficit of $67.2 billion and was just below the all-time monthly record of $81.4 billion set in September, the Commerce Department reported Thursday. Through the first 11 months of 2021, the U.S. trade deficit is 28.6% higher than the same period in 2020 as the economic recovery in the United States has outpaced other nations, sending import demand up faster than gains in U.S. export sales.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content