U.S. Trade Deficit Widens in October


Total October exports of $180.5 billion and imports of $222.8 billion resulted in a goods and services deficit of $42.2 billion, up from $40.3 billion in September, revised.

 
October exports were $6.8 billion less than September exports of $187.3 billion. October imports were $4.9 billion less than September imports of $227.6 billion.
 
In October, the goods deficit increased $1.8 billion from September to $59.2 billion, and the services surplus decreased $0.1 billion from September to $16.9 billion.  Exports of goods decreased $6.5 billion to $127.5 billion, and imports of goods decreased $4.6 billion to $186.6 billion.  Exports of services decreased $0.3 billion to $53.0 billion, and imports of services decreased $0.2 billion to $36.1 billion.
 
The goods and services deficit decreased $3.5 billion from October 2011 to October 2012.  Exports were up $1.8 billion, or 1.0 percent, and imports were down $1.7 billion, or 0.8 percent.
 
The September to October decrease in exports of goods reflected decreases in industrial supplies and materials ($2.9 billion); capital goods ($1.9 billion); foods, feeds, and beverages ($1.4 billion); automotive vehicles, parts, and engines ($0.4 billion); and consumer goods ($0.1 billion). An increase occurred in other goods ($0.2 billion).
 
The September to October decrease in imports of goods reflected decreases in consumer goods ($3.6 billion); automotive vehicles, parts, and engines ($0.5 billion); foods, feeds, and beverages ($0.4 billion); capital goods ($0.4 billion); and other goods ($0.3 billion).  An increase occurred in industrial supplies and materials ($0.4 billion).

U.S. Census Bureau | Andre Crujo | andre@tradingeconomics.com
12/11/2012 1:34:29 PM