The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $29.4 billion in October, down $18.8 billion from $48.1 billion in September, revised.

October exports were $302.0 billion, $7.8 billion more than September exports. October imports were $331.4 billion, $11.0 billion less than September imports.

The October decrease in the goods and services deficit reflected a decrease in the goods deficit of $19.2 billion to $59.1 billion and a decrease in the services surplus of $0.4 billion to $29.8 billion.

Year-to-date, the goods and services deficit increased $56.0 billion, or 7.7 percent, from the same period in 2024. Exports increased $168.6 billion or 6.3 percent. Imports increased $224.6 billion or 6.6 percent.