October exports were $184.1 billion and imports were $228 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. This resulted in a goods and services deficit of $43.9 billion in October, up $1.4 billion from September. October exports were down $2.7 billion from September, and October imports were down $1.3 billion.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $2.1 billion to $63.1 billion and an increase in the services surplus of $0.6 billion to $19.2 billion.
Year-to-date, the goods and services deficit increased 5.3 percent, from the same period in 2014. Exports decreased 4.3 percent and imports decreased 2.6 percent.
Exports of goods decreased $3.1 billion to $123.8 billion in October, primarily due to a $1.6 billion decrease in industrial supplies and materials, and a $0.9 billion decrease in capital goods. Exports of services increased $0.4 billion to $60.3 billion in October.
Imports of goods decreased $1 billion to $186.8 billion in October, primarily due to a $2 billion decrease in industrial supplies and materials, and a $0.4 billion decrease in foods, feeds and beverages. Imports of services decreased $0.2 billion to $41.1 billion in October.
