Trade deficit
Goods and services a trade deficit
  • Prior month $-61.5 billion
  • US trade balance -64.3 during dollars versus $-64.2 billion estimate. Preliminary was at $-61.5 billion

  • US Goods Deficit and Services Surplus (October)

    • Goods Deficit: -$89.80 billion versus -89.84 billion preliminary
    • Services Surplus: $25.54 billion

  • US Exports and Imports (October)

    • Exports: $258.79 billion (October) vs. $261.41 billion (September)
    • Imports: $323.05 billion (October) vs. $322.56 billion (September)
    • Export Change: -1.0% from September
    • Import Change: +0.2% from September
    • Year-to-date goods and services deficit decreased -$161.4 billion or -19.8% from the same period in 2022. Exports increased $28 billion or 1.1%. Imports decreased $133.4 billion or -4.0%

  • US Capital Goods Imports (October)

    • October: $73.25 billion
    • September: $71.47 billion

  • U.S.-China Trade Deficit (October)

    • October: $25.52 billion
    • September: $28.45 billion

  • US Oil Import Price (October)

    • October: $78.60/barrel
    • September: $76.54/barrel
    • Year-on-Year Change: -4.2% from October 2022's $82.05/barrel