The US deficit in its foreign trade of goods and services increased by 19.4% – Business – 07/01/2022

The US Bureau of Economic Analysis reported Thursday that the US deficit in its foreign trade in goods and services rose 19.4% in November from the previous month and reached $80.2 billion, supported by a recovery in imports. English language) for the country.

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

The value of US exports in the penultimate month of 2021 increased 0.2% to $224.2 billion. While imports grew by 4.6% to reach US$304.400 million.

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

In November, the trade deficit was with China It rose only $100 million to $28.4 billion.

In the first eleven months of 2021, the state deficit grew by 28.6% compared to the same period in 2020.

By sectors, sales of industrial machinery by the United States to the rest of the world decreased by $400 million; While those for communications equipment decreased by $300 million and those for civilian aircraft by $200 million.

Non-cash gold sales also declined ($1.4 billion less), while oil sales rose by $400 million.

The increase in spending on tourism and international travel to the country was most noticeable in November, which rose by about $ 2.2 billion, in conjunction with the lifting of restrictions on international tourism by the government.

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In terms of imports, the country bought more auto components from the rest of the world in November (more than $1,200 million in October), more oil ($1,300 million) and more toys, games and sporting goods (an additional $600 million). Among other things.

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

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