Goods & Services Deficit Narrowed by $14.3B in October

Washington, DC, December 7, 2021-The goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

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 October decrease in the goods and services deficit reflected a decrease in the goods deficit of $14.0 billion to $83.9 billion and an increase in the services surplus of $0.3 billion to $16.8 billion.

Year-to-date, the goods and services deficit increased $161.7 billion, or 29.7%, from the same period in 2020. Exports increased $315.1 billion or 17.9%. Imports increased $476.8 billion or 20.7%.