U.S records international goods trade deficit of $84.8 billion for November 2020

December 31, 2020

The advance international trade in goods recorded a deficit of $84.8 billion in November, up $4.4 billion from $80.4 billion in October. Exports of goods for November were $127.2 billion, $1.1 billion more than the $126.17 billion reported in October. Imports of goods for November were $212.0 billion, $5.5 billion more than October imports of $206.58 billion.

The November advance wholesale inventories for durable and non-durable goods, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $649.0 billion, this represents a 0.1% reduction from October 2020 ($649.36 billion), and a 2.2% reduction relative to the $663.27 billion reported for November 2019. The September 2020 to October 2020 percentage change was revised from up 1.1% to up 1.2%.

The advance retail inventories consisting of motor vehicles and vehicle parts for November 2020, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $616.9 billion, up 0.7% from the $612.74 billion reported for October 2020. This also represented a 7.1% decline from the $664.10 billion reported for November 2019. The September 2020 to October 2020 percentage change was unrevised from the preliminary estimate of up 0.9%.

Disclaimer: 

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2020-12-31T10:15:47-05:00