The US trade deficit narrowed to $63.2 billion in November 2023, from the previous month's $64.5 billion (which was revised from an initial estimate of $64.3 billion), according to the Commerce Department.

This 2% month-on-month decrease in the deficit reflects a parallel contraction of 1.9% in both US imports of goods and services, to $316.9 billion, and exports, to $253.7 billion.

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