US trade deficit hits an all-time high driven by imports of industrial supplies

Arab News | Dec 30, 2021 at 1:20 PM
  • A 10 percent spike in purchases of industrial supplies prompted the US trade deficit to reach a record high of $97.8 billion in November.
  • Despite a 4.3 percent rise in food shipments from the US, overall exports dropped by 2.1 percent from a month earlier to stand at $154.7 billion.
  • Both sales of industrial supplies and automotive vehicles went down by 2.3 percent as well.