US Trade Deficit Narrows in October


US trade gap narrowed by 0.4 percent to $43.4 billion from the prior month’s revised $43.6 billion as exports and imports increased.

Exports went up by 1.2 percent to $197.5 billion from $195.2 billion in September. The increase was led by record sales of capital goods as customers abroad bought more American-made aircraft, generators and industrial equipment.

Imports increased by 0.9 percent to $241 billion from $238.8 billion in September. Shipments of capital goods, foods, feeds and beverages were the highest on record while demand for foreign cars and parts also surged.

The October figures show surpluses, with South and Central America ($2.3B), Brazil ($0.8), and United Kingdom ($0.3). Deficits were recorded, with China ($29.6), European Union ($11.2), Germany ($6.3), Japan ($5.9), Mexico ($5.4), Canada ($3.0), South Korea ($2.4), OPEC ($2.2), Italy ($2.2), India ($2.0), Saudi Arabia ($1.2), and France ($1.0).


US Trade Deficit Narrows in October


BEA | anna@tradingeconomics.com
12/5/2014 1:56:17 PM