U.S. Trade Gap Widened in October

Washington, DC, December 6, 2016—The goods and services deficit was $42.6 billion in October, up $6.4 billion from $36.2 billion in September, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced through the Department of Commerce.

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%, from the same period in 2015. Exports decreased $58.7 billion or 3.1%. Imports decreased $67.5 billion or 2.9%.