International Trade Gap Widened 1.3 percent in October

The U.S. international trade deficit widened in October, rising 1.7 percent to $55.5 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Imports rose by 0.2 percent, while exports declined by 0.1 percent. September’s trade deficit was revised from $54.0 billion to $54.6 billion.

The goods deficit increased 1.0 percent to $78.1 billion, while the services surplus decreased 0.4 percent to $22.6 billion.

Exports of goods decreased 0.3 percent to $141.5 billion in October. Exports of services increased 0.1 percent to $69.6 billion.

Imports of goods increased 0.2 percent to $219.6 billion. Imports of services rose 0.2 percent to $47.0 billion.

Read the Census/BEA release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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