NEW YORK (CNNMoney) -- American exporters are starting to face more headwinds from a decelerating global economy.
After four straight months of narrowing, the U.S. trade deficit widened in November, the Commerce Department reported Friday. The United States imported $47.8 billion more goods and services than it exported during the month, up from a $43.3 billion gap in October.
The gap widened as exports fell 0.9% -- a slump economists mainly attribute to slowdowns in Europe and Asia, which decreased foreign demand for American goods. Imports grew 1.3% in November, partially due to higher oil prices and more auto shipments.
"The rest of the world is slowing, and that's obviously showing up to some extent," said Lewis Alexander, chief U.S. economist for Nomura. "On the domestic side, the U.S. economy is doing a little bit better relative to the rest of the world."
Economists had expected the trade gap to widen, but not that much. Forecasts from Briefing.com predicted the deficit would grow to $44.5 billion.
The data comes on the heels of China's trade balance report earlier this week, which showed exporters there were also hit by weaker global demand at the end of the year.
|What we want Apple to unveil at WWDC|
|Millennials squeezed out of buying a home|
|7 traits the rich have in common|
|Big Data knows you're sick, tired and depressed|
|Your car is a giant computer - and it can be hacked|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.23%||4.20%|
|15 yr fixed||3.21%||3.19%|
|30 yr refi||4.24%||4.22%|
|15 yr refi||3.24%||3.22%|
Today's featured rates:
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|