The monthly U.S. trade deficit in goods and services fell 11.9 percent in October after a nearly 20 percent increase in September. According to the Census Bureau, October saw all-time highs for U.S. trade deficits with Mexico, India, and Thailand as well as record imports and exports of services. However, other categories of imports and exports were at their lowest in several years.
Imports slumped 4.0 percent, to $339.6 billion, from September to October. Imports of goods fell 5.5 percent to $269.3 billion, with decreases of $3.7 billion for computers and $1.6 billion each for automotive vehicles, parts, and engines and for semiconductors. Services imports gained 2.0 percent to $70.2 billion.
Exports fell 1.6 percent in October (after a 1.2 percent drop in September) to $265.7 billion. Exports of goods declined 3.0 percent to $170.7 billion, with decreases of $2.7 billion for automotive vehicles, parts, and engines, $2.5 billion for industrial supplies and materials, and $1.3 billion for consumer goods. Services exports were up 1.1 percent to $95.1 billion.
The monthly U.S. trade deficit dropped from $83.8 billion in September to $73.8 billion in October. The deficit in goods trade was down 9.5 percent to $$98.7 billion while the services trade surplus fell 1.6 percent to $24.8 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$25.5 billion
|
-5.2
|
|
|
|
European Union
|
$17.1 billion
|
-28.2
|
|
|
|
Mexico
|
$15.4 billion
|
-3.8
|
|
|
|
Vietnam
|
$10.6 billion
|
-13.1
|
|
|
|
Ireland
|
$9.0 billion
|
-3.2
|
|
|
|
Taiwan
|
$6.5 billion
|
-7.1
|
|
|
|
Japan
|
$6.5 billion
|
+22.6
|
|
|
|
Germany
|
$5.4 billion
|
-22.9
|
|
|
|
South Korea
|
$4.5 billion
|
-21.1
|
|
|
|
India
|
$4.5 billion
|
+32.4
|
|
|
|
Canada
|
$4.4 billion
|
-22.8
|
|
|
|
Italy
|
$3.4 billion
|
0
|
|
|
|
Switzerland
|
$3.4 billion
|
+60.9
|
|
|
|
Malaysia
|
$2.4 billion
|
+14.3
|
|
|
|
Israel
|
$0.5 billion
|
-37.5
|
|
|
|
France
|
$0.1 billion
|
-90.9
|
|
|
|
Netherlands
|
|
|
$4.5 billion
|
+40.6
|
|
South/Central America
|
|
|
$3.8 billion
|
+8.6
|
|
United Kingdom
|
|
|
$2.0 billion
|
+42.9
|
|
Hong Kong
|
|
|
$1.5 billion
|
-31.8
|
|
Australia
|
|
|
$0.9 billion
|
-35.7
|
|
Brazil
|
|
|
$0.8 billion
|
-27.3
|
|
Singapore
|
|
|
$0.7 billion
|
-46.2
|
|
Belgium
|
|
|
$0.7 billion
|
+133.3
|
|
Saudi Arabia
|
|
|
$0.4 billion
|
Shift from $0.2 billion deficit
|
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