by Calculated Risk on 12/07/2021 08:39:00 AM
From the Department of Commerce reported:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, revised.
October exports were $223.6 billion, $16.8 billion more than September exports. October imports were $290.7 billion, $2.5 billion more than September imports.
Both exports and imports increased in October.
Exports are up 18% compared to October 2020; imports are up 22% compared to October 2020.
The second graph shows the U.S. trade deficit, with and without petroleum.
Note that net, imports and exports of petroleum products are close to zero.
The trade deficit with China increased to $31.4 billion in October, from $30.0 billion in October 2020.