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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

December 05, 2019
US TRADE BALANCE, OCTOBER 2019

In October 2019, US Goods and Services trade deficit narrowed by $3.9 billion to $47.2 billion. The goods trade deficit narrowed by $3.7 billion to $68.0 billion. The services trade surplus widened by $0.2 billion to $20.8 billion.

Monthly exports decreased by $0.4 billon to $207.1 billion. Goods exports decreased by $0.8 billion to $136.1 billion, and services exports increased by $340.0 million to $71.1 billion.

US imports were down $4.3 billion to $254.3 billion, reflecting a $4.5 billion decrease to $204.1 billion in goods imports and a $121.0 million increase to $50.2 billion in services imports.

On a year-to-date basis, the US trade deficit widened by $6.9 billion to $520.1 billion. The goods trade deficit narrowed by $4.8 billion to $727.5 billion. The services trade surplus narrowed by $11.7 billion to $207.4 billion.

Source: US Census BureauUS Bureau of Economic Analysis



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