) -- The U.S. trade deficit widened more than expected in November as a rise in imports propelled by crude oil and consumer goods outpaced a jump in exports led by items like soybeans and autos.
The trade gap rose by 9.7% to $36.4 billion, according to the Commerce Department. The total eclipsed a forecast calling for a $34.6 billion trade deficit, according to a consensus from
The sum also marks an increase from October, as the gap was revised up to $33.2 billion from the $32.9 billion originally reported.
Exports grew 0.9% to $138.2 billion, while imports expanded by a faster 2.6% clip to $174.6 billion.
The trade gap with China, the nation's largest with any foreign partner, narrowed to $20.2 billion in November after posting $22.7 billion the month before.
Stocks were losing ground on Tuesday after
missed profit estimates late Monday. The
Dow Jones Industrial Average
slid 65 points, or 0.6%, at 10,599.
-- Written by Sung Moss in New York