November 2011 International Trade

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According to data compiled by the Netherlands Bureau for Economic Policy Analysis, world trade volume increased by 1.0 percent in November from the previous month, following a revised decline of 0.7 percent in October. Both import and export volumes made a remarkable jump in Central and Eastern Europe. Euro Area exports surged as well. In Japan, on the other hand, both exports and imports declined substantially. World trade prices dropped 0.3 percent in November.
 

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Total November exports of $177.8 billion and imports of $225.6 billion resulted in a goods and services deficit of $47.8 billion, up from $43.3 billion in October. November exports were $1.5 billion less than October exports of $179.4 billion. November imports were $2.9 billion more than October imports of $222.6 billion.
 

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Paper exports slumped by 265,000 tons (8.3 percent) in November, while imports ticked up by 13,000 tons (3.3 percent). Exports remained 34,000 tons (1.2 percent) above year-earlier levels, but imports were 41,000 tons (9.1 percent) lower.
 

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Softwood lumber exports fell by 7 MMBF (4.8 percent) in November and imports retreated by 84 MMBF (9.9 percent). Exports were 10 MMBF (8.0 percent) higher than year-earlier levels; imports were 30 MMBF (4.0 percent) higher.