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In November, the goods and services deficit decreased $6.8 billion from November 2008. Exports were down $3.3 billion, or 2.3 percent, and imports were
down $10.1 billion, or 5.5 percent.
Goods (Census basis)
The October to November increase in exports of goods reflected increases in foods, feeds, and beverages ($1.3 billion); automotive vehicles, parts, and engines ($0.7
billion); and capital goods ($0.4 billion). Decreases occurred in consumer goods ($0.7 billion), industrial supplies and materials ($0.5 billion), and other goods ($0.4
billion).
The October to November increase in imports of goods reflected increases in industrial supplies and materials ($2.1 billion), consumer goods ($1.4 billion), and capital goods ($1.2 billion). Decreases occurred in foods, feeds, and beverages ($0.2 billion) and automotive vehicles, parts, and engines ($0.1 billion). Other goods were virtually
unchanged.The November 2008 to November 2009 decrease in exports of goods reflected decreases in capital goods ($2.3 billion); automotive vehicles, parts, and engines ($0.6 billion); industrial supplies and materials ($0.5 billion); other goods ($0.5 billion); and consumer goods ($0.2 billion). An increase occurred in foods, feeds, and beverages ($1.1 billion).
The November 2008 to November 2009 decrease in imports of goods reflected decreases in industrial supplies and materials ($5.7 billion); capital goods ($2.2 billion);
other goods ($0.7 billion); and foods, feeds, and beverages ($0.6 billion). Increases occurred in consumer goods ($0.6 billion) and automotive vehicles, parts, and engines ($0.1 billion).
Services
Services exports increased $0.1 billion from October to November. The increase was more than accounted for by an increase in other transportation (which includes freight
and port services). A decrease in travel was partly offsetting. Changes in the other categories of services exports were small.
Services imports increased $0.1 billion from October to November. The increase was more than accounted for by an increase in other transportation. A decrease in travel
was partly offsetting. Changes in the other categories of services imports were small. Services exports decreased $0.4 billion from November 2008 to November 2009. The largest decreases were in travel ($0.5 billion), royalties and license fees ($0.4 billion), and passenger fares ($0.3 billion). Increases in other private services ($0.5 billion), which includes items such as business, professional, and technical services; insurance services; and financial services, and transfers under U.S. military sales contracts ($0.5 billion) were partly offsetting.
Services imports decreased $1.3 billion from November 2008 to November 2009. Decreases in other transportation ($0.8 billion), passenger fares ($0.7 billion),
and travel ($0.5 billion) were partially offset by an increase in other private services ($0.4 billion). |
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