November trade data this morning shows that total trade (imports & exports) increased $18.7 billion to $624.9 billion, which is a new record high. Total imports increased +3.4%, or $11.6 billion, while total exports increased +2.6%, or $7 billion. 
Total trade jumped +8.2% higher over the last 12 months, an improvement from +3.5% year over year growth ending in the month of October. 
The monthly trade deficit increased to -$78.2 billion, as exports increased more than imports. 
Total exports increased +2.6% to $273.3 billion (a record high) while total imports grew +3.4% to $351.6 billion, which is still slightly below the previous record high in September of $353.8 billion.Breaking down the November data via individual trade partners yields the following results:Total trade partner:
Exports:
Imports:
Trade deficit:
Total trade for November increased for Mexico and Canada, while imports and exports to China continue to decrease, falling another 2% in total trade for the month. Since COVID, China has fallen from #1 to #3 in total trade. The next closest trading partner (#4) is Germany, at $19.7 billion.Total trade is a good sign of economic growth. However this data operates on such as lag, that its not considered actionable data. Though it does confirm strength/weakness in the economy.More By This Author:Signs Of Life In The Manufacturing Sector? 10 & 20 Year Compounded Returns Not Yet In Bubble Territory 2025 Preview: What Does Back To Back Strong Gains Tell Us About The Future?
