US trade deficit nearly doubles in November

Trade deficit of the United States nearly doubled in November 2025 as imports rebounded and exports fell, according to data released by the U.S. Department of Commerce on Thursday.

Exports of goods and services in November fell 3.6 percent from October to 292.1 billion U.S. dollars, and imports rose 5 percent to 348.9 billion U.S. dollars.

The trade deficit for the month reached 56.8 billion U.S. dollars, increasing by approximately 95 percent compared with the previous month.

Exports of industrial supplies and materials were pulled down by lower shipments of precious metals, while imports of consumer goods increased by 9.2 billion U.S. dollars, with pharmaceutical preparations up by 6.7 billion U.S. dollars in the month.

Among its major trading partners, the U.S. goods trade deficit with the European Union increased by 8.2 billion to 14.5 billion U.S. dollars in November.

Over the past year or so, U.S. trade data has experienced significant fluctuations as businesses rushed to stockpile inventory ahead of potential tariff hikes.

The U.S. dollar increased in late trading on Thursday.

The dollar index, which measures the greenback against six major peers, went up 0.38 percent to 100.024 at 1900 GMT.

In late New York trading, the euro lost to 1.1544 dollars from 1.1607 dollars in the previous session, and the British pound was down to 1.3227 dollars from 1.3324 dollars in the previous session.

The U.S. dollar bought 159.34 Japanese yen, higher than 158.82 Japanese yen of the previous session. The U.S. dollar was up to 0.7984 Swiss francs from 0.7931 Swiss francs, and it rose to 1.3921 Canadian dollars from 1.3895 Canadian dollars. The U.S. dollar added to 9.4234 Swedish kronor from 9.3935 Swedish kronor.