The monthly U.S. trade deficit in goods and services increased again in October, up 5.1 percent, as exports fell and imports were largely stagnant. For the year to date the total U.S. trade deficit is down 19.8 percent from the same period in 2022, with exports up 1.1 percent and imports down 4.0 percent.
Imports edged up 0.2 percent, to $323.0 billion, from September to October. Imports of goods were up 0.1 percent to $263.3 billion, with increases of $700 million for computers and $600 million for drilling and oilfield equipment along with a $900 million decrease in passenger cars. Services imports gained 0.3 percent to $59.8 billion.
Exports fell 1.0 percent in October to $258.8 billion. Exports of goods were down 1.8 percent to $173.5 billion, with decreases of $800 million for gem diamonds and $600 million for pharmaceutical preparations along with increases of $500 million each for organic chemicals and non-monetary gold. Services exports advanced 0.7 percent to $85.3 billion.
With exports down and imports up, the monthly U.S. trade deficit increased from $61.2 billion in September to $64.3 billion in October. The deficit in goods trade was up 4.1 percent to $89.8 billion while the services trade surplus rose 1.6 percent to $25.5 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$23.9 billion
|
-0.8
|
|
|
|
European Union
|
$19.2 billion
|
+14.3
|
|
|
|
Mexico
|
$11.9 billion
|
-2.5
|
|
|
|
Vietnam
|
$9.3 billion
|
-1.1
|
|
|
|
Germany
|
$7.5 billion
|
+19.0
|
|
|
|
Canada
|
$7.3 billion
|
+23.7
|
|
|
|
Japan
|
$6.6 billion
|
-4.3
|
|
|
|
Ireland
|
$5.8 billion
|
-6.5
|
|
|
|
Taiwan
|
$5.1 billion
|
+2.0
|
|
|
|
Italy
|
$4.0 billion
|
+37.9
|
|
|
|
South Korea
|
$3.8 billion
|
-17.8
|
|
|
|
India
|
$3.4 billion
|
-12.8
|
|
|
|
Malaysia
|
$2.0 billion
|
+5.3
|
|
|
|
France
|
$0.9 billion
|
0
|
|
|
|
Israel
|
$0.6 billion
|
0
|
|
|
|
Switzerland
|
$0.3 billion
|
-85.7
|
|
|
|
Saudi Arabia
|
$0.2 billion
|
Shift from $0.2 billion surplus
|
|
|
|
Netherlands
|
|
|
$3.8 billion
|
+18.8
|
|
South/Central America
|
|
|
$3.7 billion
|
-22.9
|
|
Hong Kong
|
|
|
$1.9 billion
|
-29.6
|
|
Australia
|
|
|
$1.3 billion
|
-18.8
|
|
Belgium
|
|
|
$0.8 billion
|
-33.3
|
|
Brazil
|
|
|
$0.4 billion
|
Shift from $0.3 billion deficit
|
|
Singapore
|
|
|
$0.2 billion
|
-71.4
|
|
United Kingdom
|
|
|
$0.2 billion
|
-60.0
|
Copyright © 2025 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.