Archive · 29 Jan 2026
US trade deficit widens in November
The US trade deficit, which is the difference between what the country imports and exports, got bigger in November.
It almost doubled from the month before, reaching $56.8 billion.
This happened because the US imported more goods and services while exporting less.
The last time the deficit was this low was in 2009.
Experts had predicted a smaller deficit, but the actual numbers were higher.
The changes in the deficit are partly due to the Trump administration's changing tariffs on imports.
The US had trade deficits with countries like Mexico, Vietnam, and India, but also had trade surpluses with countries like Switzerland and the Netherlands.
US trade deficit widened to $56.8 billion in November, nearly double the revised $29.2 billion recorded in October.
Imports rose to $348.9 billion while exports fell to $292.1 billion, contributing to the increase in the deficit.
The US recorded a goods trade deficit of $4.4 billion with India, placing it among the countries with notable trade gaps.
The largest goods trade deficits were with Mexico, Vietnam, Taiwan, China, and the European Union.
The US recorded goods trade surpluses with several partners, including Switzerland, Netherlands, South and Central America, and the United Kingdom.
- Who
- United States
- What
- Trade deficit widened
- When
- November 2019
- Where
- United States
- Why
- Imports rebounded and exports fell due to fluctuating tariffs
Trade Deficit Increase
Trade Surplus with Some Partners
Trade Deficit
Trade Deficit Increase
The US trade deficit widened to $56.8 billion in November, nearly double the revised $29.2 billion recorded in October, due to higher imports and a decline in exports.
Trade Surplus with Some Partners
The US recorded goods trade surpluses with several partners, including Switzerland, Netherlands, South and Central America, and the United Kingdom.
- Trade Deficit
- $56.8 billion
- Previous Month Deficit
- $29.2 billion
- US Exports
- $292.1 billion
- US Imports
- $348.9 billion
- Data Source
- U.S. Census Bureau and the U.S. Bureau of Economic Analysis
- Largest Goods Trade Deficits
- Mexico ($17.8 billion), Vietnam ($16.2 billion), Taiwan ($15.6 billion), China ($14.7 billion), and the European Union ($14.5 billion)
- Largest Goods Trade Surpluses
- Switzerland ($7.8 billion), Netherlands ($5.6 billion), South and Central America ($5.1 billion), and the United Kingdom ($4.2 billion)
