The U.S. goods and services deficit was $48.7 billion in October, up $3.8 billion from the revised September total of $44.9 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. October exports were $195.9 billion, down less than $0.1 billion from September exports. October imports were $244.6 billion, $3.8 billion more than September imports.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $3.8 billion to $69.1 billion and a decrease in the services surplus of less than $0.1 billion to $20.3 billion.
Year-to-date, the goods and services deficit increased $49.1 billion, or 11.9 percent, from the same period in 2016. Exports increased $97.5 billion or 5.3 percent. Imports increased $146.6 billion or 6.5 percent.
Exports of goods decreased $0.3 billion and exports of services increased $0.3 billion. The decrease in exports of goods mostly reflected a decrease in foods, feeds and beverages (-$1.3 billion). The increase in exports of services mainly reflected increases in financial services ($0.1 billion).
Imports of goods increased $3.5 billion and imports of services increased $0.3 billion. The increase in imports of goods mostly reflected an increase in industrial supplies and materials ($1.8 billion). The increase in imports of services mostly reflected an increase in transport ($0.3 billion).
