U.S. trade deficit widens at fastest pace since 1992

The U.S. trade deficit widened sharply in November, recording its largest increase in more than three decades. According to data released by the U.S. Department of Commerce, the deficit jumped by 94.6 percent to 56.8 billion US dollars, marking the strongest expansion since March 1992 and far exceeding economists’ expectations.

The sharp rise was primarily driven by a surge in imports, which climbed by around five percent. In particular, imports of capital goods such as computers, semiconductors, and high-tech equipment reached record levels. Analysts link this development to increased corporate investment in artificial intelligence infrastructure and advanced technology. At the same time, exports fell by approximately 3.6 percent, further widening the trade gap.

The latest figures follow a period of unusually low trade deficits in the previous month, highlighting a sudden reversal in external trade dynamics. Economists warn that the widening deficit could weigh on U.S. economic growth in the fourth quarter, as net exports are likely to subtract from gross domestic product.

The development comes amid ongoing efforts by U.S. policymakers to address trade imbalances through tariffs and industrial policy. The data, however, underscore how strong domestic demand, technological investment cycles, and global supply chains continue to shape trade flows in complex ways, often offsetting policy intentions.

Despite the sharp deterioration in the trade balance, other indicators suggest the broader U.S. economy remains relatively stable. Recent labor market data show slightly declining jobless claims, pointing to continued resilience even as external trade pressures intensify.

SK