iPhone, Xbox help, pandemic hinders as U.S. trade activity remains weak

Energy - Conventional 426 Energy - Crude Oil 291 Energy - Refined Oil 195 Industrials - Aero/Defense 189 Info Tech - Comms Equip 183 Info Tech - Tech Hardware 712 Trade Balance 915 U.S. 5064

U.S. international trade activity remained in the doldrums in November with aggregate imports and exports across goods and services having fallen by 5.6% year over year, the 14th straight decline. While imports of goods extended their recovery with a 5.8% improvement there was a continued downturn in transport and travel services as well as weak goods exports despite the impact of the phase 1 trade deal with China. The gain in imports was driven by electronics. Imports of telecoms equipment up by 20.4% year over year, likely due to Apple’s iPhone 12. Videogame imports surged 152% on new ...

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