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December 08, 2021US TRADE BALANCE, OCTOBER 2021 Month over month (Oct-21 vs Sep-21)
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the month-over-month net trade deficit narrowed by $14.3 billion to $67.1 billion. The goods trade deficit narrowed by $14.0 billions to $83.9 billion, and the services trade surplus widened by $0.3 billion to $16.8 billion.
Total exports increased 8.1% ($16.8 billion) to $223.6 billion. Exports of goods increased 11.1% ($15.8 billion) to $158.7 billion, and exports of services increased 1.6% ($1.0 billion) to $64.9 billion.
Total imports increased 0.9% ($2.5 billion) to $290.7 billion. Imports of goods increased 0.7% ($1.8 billion) to $242.7 billion, and imports of services increased 1.6% ($0.7 billion) to $48.1 billion.
Year over year (Oct 2021 vs Oct 2020)
In the United States, the net trade deficit widened by $3.4 billion. The net trade goods deficit widened by $1.8 billion, and the net trade services surplus narrowed by $1.6 billion.
Total exports increased 22.4% ($40.9 billion). Exports of goods increased 26.2% ($33.0 billion), and exports of services increased 13.9% ($7.9 billion).
Total imports increased 18.0% ($44.3 billion). Imports of goods increased 16.7% ($34.8 billion), and imports of services increased 24.8% ($9.6 billion).
Year to date (Jan-Oct 2021 vs Jan-Oct 2020)
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the year-to-date net trade deficit narrowed by $161.7 billion to $705.2 billion over the same period last year. Goods deficit narrowed by $146.2 billion to $897.3 billion while services surplus narrowed by $15.4 billion to $192.0 billion.
Total exports increased 17.9% ($315.1 billion). Exports of goods increased 23.5% ($274.9 billion), and exports of services increased 6.8% ($40.2 billion).
Total imports increased 20.7% ($476.8 billion). Imports of goods increased 21.9% ($421.2 billion), and imports of services increased 14.6% ($55.6 billion).
REFERENCES
U.S. Census Bureau and U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis;
Press release Data
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