The goods and services deficit amounted to $80.2bn in November, up $13bn from $67.2bn in October, revised, according to trade statistics released by the US Census Bureau and the US Bureau of Economic Analysis.
The figure is just below September’s record $81.5bn, according to international trade law firm Sandler, Travis & Rosenberg (ST&R).
November exports were $224.2bn, $0.4bn more than October exports, while November imports were $304.4bn, $13.4bn more than imports a month prior.
Year-to-date, the goods and services deficit increased $174.6bn, or 28.6%, from the same period in 2020. Exports rose $354.4bn or 18.2%, while imports were up $529bn or 20.7%.
The largest deficit was recorded with China at $28.4bn, followed by the European Union at $19.4bn, and Mexico at $11bn.