The U.S. goods and services trade deficit increased from $61.2 billion in September (revised) to $64.3 billion in October, as exports decreased and imports increased. The goods deficit increased $3.5 billion to $89.8 billion, and the services surplus increased $0.4 billion to $25.5 billion.
Exports of goods and services decreased $2.6 billion, or 1.0 percent, in October to $258.8 billion. Exports of goods decreased $3.2 billion, and exports of services increased $0.6 billion.
- The decrease in exports of goods reflected decreases in consumer goods ($2.1 billion) and in automotive vehicles, parts, and engines ($0.9 billion). An increase in industrial supplies and materials ($1.2 billion) partly offset the decreases.
- The increase in exports of services reflected increases in transport ($0.2 billion), in financial services ($0.2 billion), and in other business services ($0.2 billion). A decrease in travel ($0.1 billion) partly offset the increases.
Imports of goods and services increased $0.5 billion, or 0.2 percent, in October to $323.0 billion. Imports of goods increased $0.3 billion, and imports of services increased $0.2 billion.
- The increase in imports of goods reflected an increase in capital goods ($1.8 billion). A decrease in automotive vehicles, parts, and engines ($1.0 billion) partly offset the increase.
- The increase in imports of services reflected an increase in travel ($0.2 billion).
Real, or inflation-adjusted, statistics are also available for trade in goods. The real goods deficit increased 0.9 percent in October, compared to a 3.2 percent increase in the nominal deficit. Real exports of goods decreased 0.2 percent, compared to a 1.4 percent decrease in nominal exports. Real imports of goods increased 0.2 percent, compared to a 0.1 percent increase in nominal imports.
For more information, read the full release.