The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced Friday that total October exports of $158.7 billion and imports of $197.4 billion resulted in a goods and services deficit of $38.7 billion, down from $44.6 billion in September, revised.
October exports were $4.9 billion more than September exports of $153.8 billion, and October imports were $0.9 billion less than September imports of $198.4 billion. In October, the goods deficit decreased $5.7 billion from September to $51.4 billion, and the services surplus increased $0.2 billion to $12.7 billion. Exports of goods increased $4.5 billion to $112.3 billion, and imports of goods decreased $1.2 billion to $163.7 billion. Exports of services increased $0.4 billion to $46.4 billion, and imports of services increased $0.2 billion to $33.7 billion.
The goods and services deficit increased $6.4 billion from October 2009 to October 2010.