U.S. Dollar Faces Bearish Pressure as Trade Deficit Hits $78.2 B in November
On the export side, commercial materials and products contributed substantially, with a $4.3 billion increase driven by petroleum items and petroleum. Automotive exports grew by $1.9 billion, showing greater deliveries of automobile and trucks. Capital products likewise revealed strength, increasing $1.8 billion, led by airplane engines and equipment.
Imports rose at a much faster speed. Item imports increased by $11.6 billion, with noteworthy contributions from commercial materials ($3.7 billion), capital items ($3.5 billion), and foodstuff ($1.4 billion). Greater semiconductor imports, in addition to petroleum and nonmonetary gold, signified strong domestic need.
Year-to-Date Trade Trends
For the year to date, the trade deficit expanded by $93.9 billion, up 13% from the exact same durati...