Trade Deficit Widened to $78.2B in October

Washington, DC, December 6, 2022-The goods and services deficit was $78.2 billion in October, up $4.0 billion from $74.1 billion in September, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

October exports were $256.6 billion, $1.9 billion less than September exports. October imports were $334.8 billion, $2.2 billion more than September imports.

The October increase in the goods and services deficit reflected an increase in the goods deficit of $6.1 billion to $99.6 billion and an increase in the services surplus of $2.1 billion to $21.4 billion.

Year-to-date, the goods and services deficit increased $136.9 billion, or 19.9%, from the same period in 2021. Exports increased $415.3 billion or 19.8%. Imports increased $552.2 billion or 19.8%.