November trade deficit hits near record-high $80.2 billion

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In this April 9, 2021 photo, cargo containers are shown stacked adjacent cranes astatine PortMiami successful Miami. The U.S. commercialized shortage narrowed to $67.1 cardinal successful October, aft hitting a grounds precocious the erstwhile month, arsenic a large rebound successful exports helped to offset a overmuch smaller emergence successful imports. The October shortage was 17.6% beneath the September grounds of $81.4 billion, the Commerce Department reported Tuesday, Dec. 7, 2021. (AP Photo/Wilfredo Lee, file) (Wilfredo Lee, Copyright 2019 The Associated Press. All rights reserved)

WASHINGTON – The U.S. commercialized shortage surged to a near-record precocious of $80.2 cardinal successful November arsenic exports slowed astatine the aforesaid clip that imports jumped sharply.

The November shortage was 19.3% higher than the October shortage of $67.2 cardinal and was conscionable beneath the all-time monthly grounds of $81.4 cardinal acceptable successful September.

Through the archetypal 11 months of 2021, the U.S. commercialized shortage is 28.6% higher than during the aforesaid play successful 2020 arsenic the economical betterment successful the United States has outpaced different nations, sending import request up faster than gains successful U.S. export sales.

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