Rubber product trade deficit grows again in Nov.

WASHINGTON—The U.S. rubber product trade deficit grew 3.5 percent in November, with the shortfall still on pace to be up for the full year.

The deficit was $978.5 million in November, compared with $945.8 million a year earlier, according to Commerce Department data. Through 11 months, the shortfall grew 2.9 percent to $11.5 billion.

Trade activity was lower on the month, as exports fell 6 percent from November 2014 to $811 million, with imports down 1.1 percent to $1.79 billion. For the year to date, exports declined 6.7 percent and imports were off 1.7 percent.

For individual product categories:

c The deficit for tires and related products dipped 3.5 percent to $721.8 million in November, but was up just 0.4 percent on the year to $8.3 billion;

c The trade shortfall for hose and tubing jumped 28.1 percent to $30.4 million on the month, but actually decreased 16.1 percent to $288.6 million for the first 11 months of 2015;

c The belting trade deficit declined 37.1 percent in November to $10.7 million and was down 14.3 percent year to date to $159.1 million; and

c The shortfall for miscellaneous hard rubber goods climbed 22.1 percent to $71.3 million in November and 17.8 percent for the year to $1.02 billion.

On the supply side, the surplus for the month dropped 16.8 percent but was up 35.2 percent year to date.

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