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U.S. International Trade Balance Shrinks in October

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis revealed today that the items and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, modified.

The October boost in the items and services deficit showed a decline in the items deficit of $14.0 billion to $83.9 billion and a boost in the services surplus of $0.3 billion to $16.8 billion.

October exports were $223.6 billion, $16.8 billion more than September exports. October imports were $290.7 billion, $2.5 billion more than September imports.

The typical items and services deficit reduced $1.1 billion to $73.9 billion for the 3 months ending in October. Year-over-year, the typical items and services deficit increased $10.6 billion from the 3 months ending in October 2020.

Read the Census/BEA release.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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