U.S. Foreign Trade Deficit Widened in October

The U.S. international trade deficit widened in October to $43.9 billion, up $1.4 billion from September. October exports were $184.1 billion, down $2.7 billion on the month, while imports fell $1.3 billion to $228.0 billion.

The goods deficit increased $2.1 billion to $63.1 billion, while the surplus in services increased by $0.6 billion to $19.2 billion.

Exports of goods decreased $3.1 billion to $123.8 billion in October, driven by decreases in demand for industrial supplies and materials, including fuel oil and other petroleum products. Capital goods exports also fell by $0.9 billion. Exports of services increased by $0.4 billion to $60.3 billion, largely due to an increase in freight and port services, passenger fares, and financial services.

Imports of goods fell $1.0 billion to $186.8 billion, as imports of industrial supplies and materials fell by $2.0 billion. Imports of services fell $0.2 billion to $41.1 billion, largely due to a decrease in travel and transport services.

Read the BEA/Census release.