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

Energy - Conventional 412 Energy - Crude Oil 280 Energy - Refined Oil 190 Industrials - Aero/Defense 183 Info Tech - Comms Equip 179 Info Tech - Tech Hardware 660 Trade Balance 888 U.S. 4848

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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