January 30, 2026
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $56.8 billion in November, up $27.6 billion from $29.2 billion in October
November exports were $292.1 billion, $10.9 billion less than October exports. November imports were $348.9 billion, $16.8 billion more than October imports.
The November increase in the goods and services deficit reflected an increase in the goods deficit of $27.9 billion to $86.9 billion and an increase in the services surplus of $0.3 billion to $30.1 billion.
Year-to-date, the goods and services deficit increased $32.9 billion, or 4.1 percent, from the same period in 2024. Exports increased $185.7 billion or 6.3 percent. Imports increased $218.6 billion or 5.8 percent.
The November figures show surpluses, in billions of dollars, with Switzerland ($7.8), Netherlands ($5.6), South and Central America ($5.1), United Kingdom ($4.2), Hong Kong ($2.2), Brazil ($2.1), Australia ($1.2), Belgium ($1.2), and Saudi Arabia ($0.4).
Deficits were recorded, in billions of dollars, with Mexico ($17.8), Vietnam ($16.2), Taiwan ($15.6), China ($14.7), European Union ($14.5), Germany ($7.4), Japan ($4.7), India ($4.4), South Korea ($3.7), France ($3.6), Canada ($3.5), Ireland ($3.0), Italy ($3.0), Malaysia ($3.0), Singapore ($1.1), and Israel ($0.6).