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December 06, 2023US TRADE BALANCE, OCTOBER 2023 Month over month (October 2023 vs September 2023)
The United States balance of trade deficit widened by $3.1 billion to $64.3 billion. The goods deficit widened by $3.5 billion to $89.8 billion and, the services surplus widened by $371 million to $25.5 billion.
Total exports decreased $2.6 billion to $258.8 billion. Goods exports decreased $3.2 billion to $173.5 billion and services exports increased $601 million to $85.3 billion.
Total imports increased $489 million to $323.0 billion. Goods imports increased $259 million to $263.3 billion and services imports increased $230 million to $59.8 billion.
Year over year (October 2023 vs October 2022)
The US trade deficit narrowed by $14.1 billion. The goods deficit widened by $8.4 billion and, the services surplus widened by $5.7 billion.
Total exports increased by $3.3 billion (+1.3%). Goods exports decreased $2.2 billion (-1.2%) and services exports increased $5.4 billion (+6.8%).
Total imports decreased $10.8 billion (-3.2%). Goods imports decreased $10.6 billion (-3.9%) and services imports decreased $214 million (-0.4%).
Year to date (January-October 2023 vs January-October 2022)
The US trade deficit narrowed by $161.4 billion. The goods deficit narrowed by $117.6 billion and, the services surplus widened by $43.8 billion.
Total exports increased by $28.0 billion (+1.1%). Goods exports decreased $34.1 billion (-2.0%) and services exports increased $62.1billion (+8.1%).
Total imports decreased $133.4 billion (-4.0%). Goods imports decreased $151.7 billion (-5.5%) and services imports increased $18.3 billion (+3.2%).
REFERENCES
U.S. Census Bureau and U.S. Bureau of Economic Analysis, retrieved Federal Reserve Bank of St. Louis using a FRED API.
Press release Data
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