December 31, 2020

The advance international trade in goods recorded a deficit of $84.8 billion in November, up $4.4 billion from $80.4 billion in October. Exports of goods for November were $127.2 billion, $1.1 billion more than the $126.17 billion reported in October. Imports of goods for November were $212.0 billion, $5.5 billion more than October imports of $206.58 billion.

The November advance wholesale inventories for durable and non-durable goods, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $649.0 billion, this represents a 0.1% reduction from October 2020 ($649.36 billion), and a 2.2% reduction relative to the $663.27 billion reported for November 2019. The September 2020 to October 2020 percentage change was revised from up 1.1% to up 1.2%.

The advance retail inventories consisting of motor vehicles and vehicle parts for November 2020, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $616.9 billion, up 0.7% from the $612.74 billion reported for October 2020. This also represented a 7.1% decline from the $664.10 billion reported for November 2019. The September 2020 to October 2020 percentage change was unrevised from the preliminary estimate of up 0.9%.

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