The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $42.6 billion in October, up $6.4 billion from $36.2 billion in September, revised. October exports were $186.4 billion, $3.4 billion less than September exports. October imports were $229.0 billion, $3.0 billion more than September imports.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $6.3 billion to $63.4 billion and a decrease in the services surplus of $0.1 billion to $20.8 billion.
Year-to-date, the goods and services deficit decreased $8.8 billion, or 2.1 percent, from the same period in 2015. Exports decreased $58.7 billion or 3.1 percent. Imports decreased $67.5 billion or 2.9 percent.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $6.3 billion to $63.4 billion and a decrease in the services surplus of $0.1 billion to $20.8 billion.
Year-to-date, the goods and services deficit decreased $8.8 billion, or 2.1 percent, from the same period in 2015. Exports decreased $58.7 billion or 3.1 percent. Imports decreased $67.5 billion or 2.9 percent.
The deficit with China increased $2.0 billion to $28.9 billion in October. Exports increased $0.5 billion to $10.6 billion and imports increased $2.4 billion to $39.5 billion.
The balance with Canada shifted from a surplus of $0.2 billion in September to a deficit of $1.7 billion in October. Exports decreased $0.9 billion to $22.0 billion and imports increased $1.0 billion to $23.6 billion.
The balance with the United Kingdom shifted from a surplus of $0.9 billion in September to a deficit of $0.7 billion in October. Exports decreased $1.0 billion to $4.3 billion and imports increased $0.6 billion to $5.0 billion