WASHINGTON – The U.S. international trade deficit was $47.8 billion for November, a 10.4% increase from the revised $43.3 billion deficit for October, the Commerce Department reported Friday.
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The percentage increase is the highest since the 16% jump from April to May of last year, the department said.
The November deficit was higher than the median $45.0 billion deficit for the month that was estimated by economists polled by Thomson Reuters and resulted from total exports of $177.8 billion and imports of $225.6 billion.
November exports were $1.5 billion less than previous month's level of $179.4 billion. Imports were $2.9 billion more than the October level of $222.6 billion.
