The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced Friday that the goods and services deficit was $43.9 billion in October, up $1.4 billion from $42.5 billion in September, revised.
October exports were $184.1 billion, $2.7 billion less than September exports. October imports were $228.0 billion, $1.3 billion less than September imports.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $2.1 billion to $63.1 billion and an increase in the services surplus of $0.6 billion to $19.2 billion. Year-to-date, the goods and services deficit increased $22.2 billion, or 5.3 percent, from the same period in 2014. Exports decreased $84.7 billion or 4.3 percent. Imports decreased $62.5 billion or 2.6 percent.
The October figures show surpluses with South and Central America ($2.8 billion), United Kingdom ($0.6 billion), and OPEC ($0.4 billion). Deficits were recorded, in billions of dollars, with China ($30.2 billion), European Union ($13.3 billion), Mexico ($6.3 billion), Germany ($6.2 billion), Japan ($5.3 billion), Italy ($2.3 billion), South Korea ($2.3 billion), India ($2.0 billion), France ($1.7 billion), Canada ($0.2 billion), Brazil ($0.2 billion), and Saudi Arabia (less than $0.1 billion).